You are considering and equipment purchase $177,000. This equipment will be depreciated straight line to zero over its 3-year life. What is the average accounting return if this equipment produces the following net income?

Year Net income

1 $16,300

2 $17,800

3 $12,200

A. 12.29 percent B. 14.38 percent C. 16.56 percent D. 17.44 percent E. 21.00 percent