Mountain Frost is considering a new project with an initial cost of $195,000. The equipment will be depreciated on a straight-line basis to a zero book value over the four-year life of the project. The projected average net income per year is $20,450. What is the accounting rate of return based on the average investment?

	A.	22.47 percent
	B.	20.97 percent
	C.	19.23 percent
	D.	15.73 percent