QUESTION 10 Spring Company is considering investing in a new piece of equipment. It will cost $400,000 and is expected to have a $30,000 residual value The new equipment is expected to provide a cost savings of $100,000 per year over its five-year life. What is the average amount invested in the asset that should be used for calculating the accounting rate of return? Show and label your work TTT Arial 3(1201) T.E E