38) PreScreen plan its new expansion in China and is considering a new project. The project requires to have $220,000 as initial cash outlay. The equipment will be depreciated on a straight-line basis to a zerobook value over the four-year life of the project. The projected net income for each year is $20,300, $21,200,$24,600, and $17,200, respectively. What is the average accounting return? A) 20.28% B) 18.93% C) 17.35% D) 14.20% E) 9.47%