XYZ Company is considering to invest in a new project, which will cost OMR 22,000. The project has a useful life of 4 years with a salvage value OMR 2,000. The new project expected to increase annual cash inflows by OMR 8,000. The Accounting rate of return (ARR) equals to:

a) 17%

b) 30%

c) 20%

d) 25%