Nylan Tiles is considering an investment in new equipment costing $866,000. The equipment will be depreciated on a straight - line basis over a five -year life and is expected to have a residual value of $50,000. The equipment is expected to generate net cash inflows of $1,002,000 in total during the five - year life. What is the accounting rate of return associated with the equipment investment? A. 9.27% B. 47.03% C. 997% D.8.12%