Newport 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 $423,440. The equipment will have an initial cost of $1,896,000 and a 12-year useful life with no expected salvage value. What is the accounting rate of return? Multiple Choice O 22.33% 14.00% 8.33% 44.66%

Newport 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 $423,440. The equipment will have an initial cost of $1,896,000 and a 12 -year useful life with no expected salvage value. What is the accounting rate of return? Multiple Choice 22.33% 14.00% 8.33% 44.66%