A plant asset of $180,000 is expected to generate $80,000 in operating cash savings (excluding depreciation expense) annually for three years. Assume straight-line depreciation is used. The useful life is 3 years. The asset has no expected residual value. Ignore income taxes. The accounting rate of return based on the initial investment is ________.

		11.11%
		16.67%
		33.33%
		44.44%