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Siesta Manufacturing has asked you to evaluate a capital investment project. The project will require an initial investment of $54,000 The life of the investment

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Siesta Manufacturing has asked you to evaluate a capital investment project. The project will require an initial investment of $54,000 The life of the investment is 6 years with a residual value of $6.000 If the project produces net annual cash inflows of $20,000, what is the accounting rate of return? (Round any intermediary calculations to the nearest dollar and your final answer to two decimal places, XXX%) If accounting rate of return is used to make the decision and the minimum return is 20% then Siesta would O A. 22.22% and invest OB. 11.11% and not invest OC. 37.04% and invest OD. 22 22% and not invest

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