Mercer Co$.$ sells glass and plastic bottles in bulk. They need to purchase a large piece of warehouse equipment in order to fulfill all of their Christmas orders. This piece of equipment will cost an initial $$200,000$ and has a $5-$year useful life with $$10,000$ salvage value. The yearly cash flows for Mercer Co$.$ will be $$65,000,$$$50,000,$$$105,000,$$$100,000,$ and $$110,000.$

Mercer Co$.$ decides to utilize the Accounting Rate of Return $($ARR$)$ to value this investment. What is the ARR of this investment?

$43\%$

$100\%$

$24\%$

$22\%$