Cass Corp. is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net Income after tax of $280,000. The equipment will have an initial cost of $1,000,000 and have a 8 year life. If there is no salvage value of the equipment , what is the accounting rate of return? Multiple Choice 56,0% 23 DX LD 28.0