Go to page 2 Fill in the blanks. Diane Manufacturing Company is considering investing $500,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is expected to produce $320,000 in cash inflows and $200,000 in cash outflows annually. The company uses straight-line depreciation, and has a 30% tax rate. (ALT Exercise A from text publisher) Calculate the Accounting Rate of Return: Accounting rate of return = Annual after-tax net income/Annual average investment