Wiliams Company is considering making a new product that requires an initial imvestment in a piece of equipment of $530,000. The equipment has a usetul lfe of triee years and a residual value of $23,000. Depreciation is calculated using the straight - Ine method. The expected net cash inflows are expected to be $300,000 per yeat. What is the ARR of the investment? A. 47.38% B. 44.61% c. 49.43% D. 46.54%