Painer Corporation is considering the purchase of a new piece of equipment. The cost smings from the equipcient would resuit in an annual incie ase in het operating income of $100,000. The equipment with have an initial cost of $400,000 and a 7 year usefia life. If the salvage value of the equifment is estimand ta be $75,000, what is the accounting rate of retum? Muithple-choice 14.284 25000 421 14737%