Which of the Following Represents the Formula for the Annual

Which of the following represents the formula for the annual marginal rate of return MRR) when trying to decide whether to hold or sell a property ATCFS equals the after-tax cash flow from sale and ATCFO equals the after-tax cash flow from operations) ?

A) MRR = ATCFS year t + 1) + ATCFO year t + 1) - ATCFS year t) - ATCFO year t) / ATCFS year
B) MRR = ATCFS year t + 1) - ATCFO year t + 1) + ATCFS year t) ) / ATCFS year
C) MRR = ATCFS year t + 1) + ATCFO year t + 1) - ATCFS year t) ) / ATCFS year
D) MRR = ATCFS year t + 1) + ATCFO year t + 1) + ATCFS year t) ) / ATCFS year