Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $145,800. The equipment will have an initial cost of $540,000 and have a 7 year life. If the salvage value of the equipment is estimated to be $22,000, what is the accounting rate of return? Multiple Choice 16.285 O 2700% 44.1185 149.37%