ABC Corporation purchased an asset costing $450,000. The asset has an 8 year life, a $50,000

salvage value, and is depreciated on a straight line method. During the past four years, ABC posted

net income of $98,000, $112,000, $134,000 and $122,000. Given the following information,

calculate the company's average accounting return over the past four years.

A)

25.85%

B)

35.85%

C)

15.85%

D)

20.15%

E)

30.15%