Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $423,440. The equipment will have an initial cost of $1,896,000 and have a 12 year life. There is no salvage value for the equipment. What is the accounting rate of return? Ignore income taxes. Mutiple Choice O O 14.00% 4466% 22.33% 833%