Please help with this question and all the requirements. Thank you!

Sunset Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Vargas Inc. costs $950,000 and will last four years and have no residual value. The Vargas equipment will generate annual operating income of $171,000. Equipment manufactured by Rustic Limited costs $1,320,000 and will remain useful for five years. It promises annual operating income of $231,000, and its expected residual value is $100,000. Which equipment offers the higher ARR? First, enter the formula, then calculate the ARR (Accounting Rate of Return) for both pieces of equipment. (Enter the answer as a percent rounded to the nearest tenth percent.) Accounting = rate of return Choose from any drop-down list and then click Check Answer. 3 parts remaining Clear All Check