Belmont Corporation is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net operating income of $210,000. The equipment will have an initial cost of $1,000,000 and an 8 -year useful ife, If there is no salvage value of the equipment, what is the accounting rate of return? Multiple Choice 13.5% 21.0% 420% 16.0%