Manly Manufacturing Ltd is evaluating an expansion of its business by purchasing new manufacturing equipment. The equipment has an installation cost of $26 million, which will be depreciated straight-line to zero over its three-year life. If the plant has projected net income of $2 348 000, $2 680 000, and $1 920 000 over these three years, what is the project's average accounting return (AAR)? 11.69% 14.14% 15.088% 17.82%

As a result of a thorough physical inventory, waterway company determined that it had inventory worth $320200 at december 31, 2020. this count did not take into consideration the following facts: walker consignment currently has goods worth $47400 on its sales floor that belong to waterway but are being sold on consignment by walker. the selling price of these goods is $75900. waterway purchased $21900 of goods that were shipped on december 27, fob destination, that will be received by waterway on january 3. determine the correct amount of inventory that waterway should report.