Question 4 (Points 5) Clapton Corporation is considering an investment in new equipment costing $750,000. The equipment will be depreciated on a straight- line basis over an eight-year life and is expected to have a salvage value of $80,000. The equipment is expected to generate net cash flows of $120,000 for each of the first four years and $80,000 for each of the last four years. What is the accounting rate of return associated with the equipment investment