Mosaic Tile Company is considering an investment in new equipment costing $868,000. The equipment will be depreciated on a straight-line basis over a five-year life and is expected to have a residual value of $68,000. The equipment is expected to generate net cash inflows of $1,004,000 in total during the five-year life. What is the accounting rate of return associated with the equipment investment? (Round your answer to two decimal places.) O A. 13.53% OB. 8.72% OC. 42.02% OD. 9.33%