The Following Information Pertains to Milton Company If Invested Capital Is Defined as Total Assets Minus Current

Multiple Choice

The following information pertains to Milton Company: $$\begin{array} { l l } \text { Total assets } & \$ 150,000 \\\text { Total current liabilities } & 110,000 \\\text { Total expenses } & 160,000 \\\text { Total liabilities } & 115,000 \\\text { Total revenues } & 180,000\end{array}$$ If invested capital is defined as total assets minus current liabilities, a project earning an ROI of 30% should be:

A) rejected
B) accepted
C) rejected if the cost of capital is less than 30%
D) rejected if the desired rate of return is greater than 30%