Mosaic Tile Company is considering an investment in new equipment costing $870,000. The equipment will be depreciated on a straight-line basis-over a five - year life and is expected to have a residual value of, $70,000. The equipment is expected to generate net cash inflows of $1,004,000 in total during the five-year Iife. What is the accounting rate of return assoclated with the equipment investment? (Round your answer to two decimalplaces.) A. 13.93% B. 41.17% C. 9.33% D. 8.68%