Colin Is Analyzing a Project and Has Gathered the Following

Colin is analyzing a project and has gathered the following data.Based on this data, what is the average accounting rate of return? The project's assets will be depreciated using straight-line depreciation to a zero book value over the life of the project.

A) 6.94 percent
B) 13.88 percent
C) 15.66 percent
D) 27.75 percent
E) 31.31 percent