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A company is evaluating three possible investments. Each uses the straight - line method of depreciation. Following information is provided by the company: Project A Project B Project C Investment $226,000 $52,000 $226,000 Residual value 0 14,000 40,000 Net cash inflows: Year 1 64,000 30,000 82,000 Year 2 64,000 21,000 Year 3 52,000 64,000 17,000 62,000 Year 4 64,000 14,000 22,000 Year 5 64,000 0 0 What is the accounting rate of return for Project B? (Round your answer to two decimal places.) O A. 20.86% O B. 33.33% O C. 31.67% O D. 35.27%