Nelson Corp. is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in cash fiow of $124.225. The equipment will have an initial cost of $545,000 and have a 5 year life. If the salvage value of the equipment is estimated to be $210,000, what is the accounting rate of return? Ignore income taxes Multiple Choice 10.50 8.00% 24.46% 22.79%