GuSont Inc. was considering an investment in the following project: Required initial investment $1,026,000 Net annual cash inflow $171,100 Annual depreciation $56,820 Estimated salvage value $173,700 Life of project in years 15 Assume that cash inflows occur evenly throughout the year The estimated accounting rate of return is: 11.2% 11.1% 10.7% 10.9% 10.5%