A company is evaluating three possible investments. Each uses the straight-line method of depreciation. The following information is provided by the company: Investment Residual value Project A $224,000 0 OA 14.29% OB. 25.93% OC. 13.39 % OD. 13.74% Project B $54,000 20,000 38,000 Project C $224,000 Net cash inflows: Year 1 62,000 30,000 Year 2 62,000 21,000 Year 3 62,000 17,000 72,000 Year 4 62,000 14,000 32,000 Year 5 62,000 0 0 What is the accounting rate of return for Project C? (Round your answer to two decimal places.) 92,000 62,000 (ILD)