Judy Blue,CEO of the Clothing Store All Blue,is Planning to Open

Judy Blue,CEO of the clothing store All Blue,is planning to open a new store in Manhattan.She plans to purchase a small storefront for $5,250,000 which has a remaining useful life of 15 years.She plans to hire 2 part-time sales clerks and will pay each of them $34,000 per year in wages and other benefits.Judy expects that revenues will average $86,000 per month and other monthly operating costs will run $13,200.What is the accounting rate of return for the Manhattan store?

A) 15.3%
B) 8.7%
C) 10%
D) 1.1%