Crush Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Stenback Inc costs $900,000 and will last five years and have no residual value. The Stenback equipment will generate annual operating income of $153,000 Equipment manufactured by Riverbank Limited costs $1,300,000 and will remain useful for six years. It promises annual operating income of $253,500, and its expected residual value is $115,000 Which equipment offers the higher ARR? First, enter the formula then calculate the ARR (Accounting Rate of Return) for both pieces of equipment (Enter the answer as a percent rounded to the nearest tenth percent.) Accounting rate of return