Palmer Corp. is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $136,300. The equipment will have an inisiat cost of $470,000 ond have a 7 year life. If the salvage volue of the equipment is estimated to be $8,000, what is the accounting rate of return? Multiple Choice 18284 46m 151375 2900%