8. A project has an initial cost of $32,000 and a 3-year life. The projected net income from the project is $1,500, $2,100, and $1,700 a year for the next 3 years, respectively. The company uses straight-line depreciation to a book value of zero over the life of the project. What is the average accounting return? A. 8.72% B. 10.10% C. 11.04% D. 14.69%