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 $240,000 $54,000 $240,000 36,000 Investment Residual value Net cash flows: Year 1 Year 2 Year 3 Year 4 Year 5 10,000 52,000 52,000 52,000 52,000 52,000 40,000 31,000 27,000 24,000 96,000 66,000 76,000 36,000 What is the accounting rate of return for Project C? (Round your answer to two decimal places.) A. OB. C. OD. 12.68% 15.00% 44.44% 12.50%