A company is evaluating three possible investments. Each uses the

straight linemethod of depreciation. Following information is provided by the company:

	Project A	Project B	Project C
Investment	$ 228 comma 000$228,000	$ 50 comma 000$50,000	$ 228 comma 000$228,000
Residual value	0	14 comma 00014,000	30 comma 00030,000
Net cash inflows:
Year 1	60 comma 00060,000	34 comma 00034,000	86 comma 00086,000
Year 2	60 comma 00060,000	25 comma 00025,000	56 comma 00056,000
Year 3	60 comma 00060,000	21 comma 00021,000	66 comma 00066,000
Year 4	60 comma 00060,000	18 comma 00018,000	26 comma 00026,000
Year 5	60 comma 00060,000	0	0

What is the accounting rate of return for Project B? (Round your answer to two decimal places.)

A.

39.5539.55%

B.

48.4448.44%

C.

25.5225.52%

D.

45.9545.95%