12.1 LO2 Using the information given below, calculate the accounting rate of return for each investment project, assuming depreciation at 20% straight line. Investment A B C 20,000 50,000 50,000 Initial outflows Inflows at end of year 1 2 3 8,000 6,000 6,000 6,000 4,000 20,000 15,000 15,000 15,000 10,000 5,000 10,000 15,000 45,000 4 5 How useful are the ARR figures in reaching a decision relative to the other methods