d. $144,000 decrease 9. A proposed investment in manufacturing equipment (long-term asset) costs $450,000. It has a useful life of five years, a $50,000 residual value, and an expected total net income of $240,000 for 5 years. What is the equipment's expected average rate of return (rounded to 0.0%)? a. 10.7% b. 53.3% c. 19.2% d. 24.0%