A niece of labor-saving equipment has just come onto the market that WestCo could use to reduce costs in one of its plants. Data relating to the equipment is given below: (Ignore income taxes in your calculations.) a) Compute the accounting rate of return on the equipment. Use straight-line depreciation based on the equipment's useful life. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34% ) b) Would the equipment be purchased if the company's required rate of return is 7%