A company is evaluating three possible investments. Each uses the straight line method of depreciation. The following information is provided by the company: Project A Project B Project C Investment $224,000 $50,000 $224,000 Residual value 0 18,000 36,000 Net cash inflows: Year 1 52,000 36,000 88,000 Year 2 52,000 27,000 58,000 Year 3 52,000 23,000 68,000 Year 4 52,000 20,000 28,000 Year 5 52,000 0 0 What is the accounting rate of return for Project C? (Round your answer to two decimal places.) + A. 12.50% B. 10.38% C. 13.39% D. 40.00%