A company is evaluating three possible investments. Each uses straightline method of depreciation. Following information is provided by the company.

Project A	Project B	Project C
Investment	200,000	$50,000	$200,000
Salvage value	0	5,000	50,000
Net cashflows:
Year 1	50,000	25,000	80,000
Year 2	50,000	16,000	50,000
Year 3	50,000	12,000	60,000
Year 4	50,000	9,000	20,000
Year 5	50,000	0	0

What is the accounting rate of return for ProjectC?

A. 10%

B. 18%

C. 12%

D. 15%