$20$

Larkin Bonnard has just invested $$180,000$ in a day spa. He expects to receive cash flow of $$58,000$ each year for the next $10$ years. What is the accounting rate of return?

$4$ points B$.$Capital Budgeting Formulas.PNG

$32\mathrm{.}22\%$

$22\mathrm{.}22\%$

$45\%$

$42\mathrm{.}22\%$