Waldron is considering selling to a group of new customers that will bring in sales of $16,000,000 with a bad debt percentage of 15%. Waldron will have collection costs of $288,000 and C/G/S & selling expenses of 70% of sales. They have tax rate of 30%. The only additional investment they will have is in accounts receivable in which they turnover of 4. Their return on investment will be:

A. 9.24%

B. 36.96%

C. 34.32%

D. 8.58%