Please help.

A company is evaluating three possible investments. Each uses thestraight-line method of depreciation. The following information is provided by thecompany:

Project A

Project B

Project C

Investment

$240,000

$54,000

$240,000

Residual value

0

10,000

36,000

Net cashflows:

Year 1

52,000

40,000

96,000

Year 2

52,000

31,000

66,000

Year 3

52,000

27,000

76,000

Year 4

52,000

24,000

36,000

Year 5

52,000

0

0

What is the accounting rate of return for ProjectC? (Round your answer to two decimalplaces.)

A.

12.68%

B.

15.00%

C.

44.44%

D.

12.50%