Siesta Manulacturing has asked you to evnluate a capital investment project. The project will require an inilal investment of \$58,000. The ife of the imvostment is 7 years with a residual value of $5,000. If the propect produces net annual cash inflows of 515,000 , what is the accounting rate of return? (Rocind ary intermediacy ealoulations to the nearest dollar and your final answor to two decirtal places, % ) A. 11.58% B. 25.805 C. 12.81% D. 387%