You're trying to determine whether or not you should expand your business at a fixed asset cost of $4.3 million. The firm uses straight-line depreciation to zero over the project life. The average book value is 2.15 million. The projected annual net income is $595,000, $502,000, $486,000, and $324,000 over these four years. What is the average accounting return?

A. 44.35 percent

B. 15.63 percent

C. 18.87 percent

D. 22.17 percent

E. 23.05 percent