Nelson Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net cash flow of $$131,100.$ The equipment will have an initial cost of $$520,000$ and have a $5-$year useful life. If the salvage value of the equipment is estimated to be $$170,000,$ what is the accounting rate of return?

Multiple Choice

$9\mathrm{.}25\%$

$11\mathrm{.}75\%$

$26\mathrm{.}88\%$

$25\mathrm{.}21\%$