A project requires a $802,000 Initial Investment for equipment. The equipment is estimated to have an...

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A project requires a $802,000 Initial Investment for equipment. The equipment is estimated to have an eight-year life and a salvage value of $42,000. The project is expected to generate income of $67,520 per year and net cash flows of $162,520 per year for the next eight years. What is the project's accounting rate of return? Numerator: Accounting Rate of Return Denominator: Accounting Rate of Return Accounting rate of return A project requires a $802,000 Initial Investment for equipment. The equipment is estimated to have an eight-year life and a salvage value of $42,000. The project is expected to generate income of $67,520 per year and net cash flows of $162,520 per year for the next eight years. What is the project's accounting rate of return? Numerator: Accounting Rate of Return Denominator: Accounting Rate of Return Accounting rate of return