4. A project has an initial cost of $32,000 and a 3-year life. The company's average book value is $16,000. The projected net income from the project is $1,200,$2,300, and $1,800 a year for the next 3 years, respectively. What is the average accounting return? A. 8.72% B. 11.04% C. 11.26% D. 14.69%