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 $169,650 The equipment will have an initial cost of $585,000 and have a 7 year life. If the salvage value of the equipment is estimated to be $25,000, what is the accounting rate of return? 0 151 37% 4611% 2900% 18.28%