Dahlia Corporation, which is subject to a 30% income tax rate, is considering a $427,000 asset that will result in the following over its 7-year life: Average revenue: $927,000 Average operating expenses (excluding depreciation): $777,000 Average depreciation: $77,000 The after-tax accounting rate of return on the initial investment is:

11.97%.

17.10%.

24.59%.

35.13%.

None of these.