JoJo Ltd is considering investing in a new project which will cost an initial 375,000. They expect the following cash-flows to come in: Year Net Cash Profits () 25,000 55,000 70,000 80,000 40,000 30,000 030143me The investment will be depreciated to a scrap value of 175,000 over the period of the project. What is the Accounting Rate of Return (Return on Capital Employed) of the project? A. 6% B. 3% C. 18% D. 12%