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 t income after tax of $175,000. The equipment will have an initial cost of $500,000 and have a 7 year he the salvage value of the women estimated to be $10,000, what is the accounting rate of return? Multiple Choice 52.1% 15737% 24.28% 35.00% Next