Julius Publishing is considering the purchase of a used printing press costing $50,000. The printing press would generate income before depreciation of $12,500 each year for 10 years. At the end of 10 years, the press would have no salvage value. The company's cost of capital is 8 percent. The company uses straight-line depreciation. The project's accounting rate of return on the initial investment is: Select one: O a. 32 percent O b. 19 percent O c. 15 percent O d. 75 percent