Clapton Corporation is considering an investment in new equipment costing exist906,000. The equipment will be depreciated on a straight-line basis over a ten-year life and is expected to have a residual value of exist110,000. The equipment is expected to generate net cash flows of exist140,000 for each of the first five years and exist108,000 for each of the last five years. What is the accounting rate of return associated with the equipment investment? 8.74% 10.16% 10.12% 10.51%