Dartis Company is considering investing in a specialized equipment costing $670,000. The equipment has a useful life of 5 years and a residual value of $67,000. Depreciation is calculated using the straightline method. The expected net cash inflows from the investment are given below.

Year 1	$208,000
2	156,000
3	167,000
4	104,000
5	135,000
	$770,000

What is the accounting rate of return on the investment?

A. 9.06%

B. 11.08%

C. 9.97%

D. 4.53%