Homework: Chapter 12 Graded Homework Score: 1.11 of 5 pts E12-21A (similar to) orcowe HW Score: 37% 1.11 of 30 0 GoProduction or record op Postcode years onderhewige Forretomance ARR Acentele 2 VVViv. 111 VIPS VI VII VIPIULU) TYY VYVIV. v.r nu, 111 Vi vypu %E12-21A (similar to) Question Help Slice Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Rouse Inc. costs $900,000 and will last four years and have no residual value. The Rouse equipment will generate annual operating income of $153,000. Equipment manufactured by Lakeside Limited costs $1,200,000 and will remain useful for five years. It promises annual operating income of $238,800, and its expected residual value is $100,000. Which equipment offers the higher ARR? - First, enter the formula, then calculate the ARR (Accounting Rate of Return) for both pieces of equipment. (Enter the answer as a percent rounded to the nearest tenth percent.) Accounting rate of return i Average annual operating income from asset Initial investment Rouse %