produce the following net cash flows over its life: $89,000,$78,000,$94,000,$92,000, and $103,000. Required: 1. Calculate the annual net income for each of the five years. 2. Calculate the accounting rate of return. Enter your answer as a whole percentage value (for example, 16% should be entered as "16"). % accounting rate of return. Enter your answer as a whole percentage value (for example, 16\% should be entered as "16"). %