Andreescu's Tennis Camp Inc. just purchased $850,000 of new equipment. The equipment is expected to result in the following net income of the firm ($36,000), $39,000, $134,000, $164,000, and $39,000 a year in each of the next five years. Andreescu's uses straight-line depreciation over the projected life of the equipment. What is the average accounting rate of return on this equipment?

Group of answer choices

32.00%

18.12%

16.00%

19.39%

36.24%