Prescott Corporation is considering an investment in new equipment costing $940,000. The equipment will be depreciated on a straight-line basis over a ten-year life and is expected to have a residual value of $104,000. The equipment is expected to generate net cash inflows of $154,000 for each of the first five years and $126,000 for each of the last five years. What is the accounting rate of return associated with the equipment investment? (Round your answer to two decimal places.) OA. 9.37% OB. 12.14% OC. 10.8% OD. 11.73%