Assuming a MARR=8% determine which of the two projects below should be selected on the basis of the rate of return method. Project A has a 3-year life and initial cost of $100,000; B has a 9-year life and an initial cost of $150,000

is of the rate of return method. Project 000; B has a 9-year life and initial cost Year 0 100.000 150.000 40,000 20,000 40,000 20,000 3 60,000 30,000 30,000 30,000 40,000 40,000 40,000 80,000