2) A company CFO thinks that purchasing scaffolding at a cost of $32,000 is a better deal than renting like scaffolding. The purchased scaffolding has estimated useful life of five years and estimated residual value of $2,000. By purchasing the scaffolding, the company could save rental fees of $11,760 per year. Required: Determine the accounting rate of return for the potential investment in the scaffolding. Be sure to show all your work