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Acme Services provides a handyman service. Acme is considering the purchase of a new piece of equipment. The equipment will have an initial cost of

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Acme Services provides a handyman service. Acme is considering the purchase of a new piece of equipment. The equipment will have an initial cost of $805,000, a 5 year life, and no salvage value. If the accounting rate of return for the project is 9%, what is the annual increase in net cash flow? Ignore income taxes. Multiple Choice $72,450 0 $88,550 0 $161,000 0 $233,450

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