A company is evaluating three possible investments. Each uses straight-line method of depreciation. Following information is provided by the company. 
What is the accounting rate of return for Project B?
Definitions:
Competitive Output Markets
Markets where multiple firms sell similar or identical products, and prices are determined through competition among sellers.
Exponent
In mathematics, a number indicating how many times a base is to be multiplied by itself.
Binomial
A polynomial expression that contains exactly two terms, typically written in the form a+b.
Simplify
To make an expression less complex by combining like terms and executing arithmetic operations where possible.
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