Harwell Printing Co. is considering the purchase of new electronic printing equipment. It would allow Harwell to increase its net income by $53,253 per year. Other information about this proposed project follows: Initial investment Useful life Salvage value $291,000 6 years 93,000 Required: 1. Calculate the accounting rate of return for Harwell. (Round your percentage answer to 1 decimal place.) ntin g Rate of Return 53.8%