Timothy Moore, Managing Director of Tiles Ltd, Has Received a Report

Timothy Moore, Managing Director of Tiles Ltd, has received a report from his Finance Manager recommending four investment projects for his approval. However, the firm has only sufficient funds to invest in one project. The firm's rate of return is 6%. The Accounting Rate of Return for each project is: A - 12%, B - 9%, C - 13%, D - 15%. Short will select:

A) Project A.
B) Project B.
C) Project C.
D) Project D.