Robert Comunale 12/02/22 7:40 PM omework Question 2, E12-23A (similar to) Part 2 of 4 HW Score: 9.3%, 0.65 of 7 points Points: 0.22 of 1 Save Crush Golf Products is considering whether to upgrade its equipment. Managers are considering two options. Equipment manufactured by Richland Inc. costs $960,000 and will last six years and have no residual value. The Richland equipment will generate annual operating income of $168,000. Equipment manufactured by Brookside Limited costs $1,125,000 and will remain useful for seven years. It promises annual operating income of $236,250, and its expected residual value is $105,000. Which equipment offers the higher ARR? First, enter the formula, then calculate the ARR (Accounting Rate of Retum) for both pieces of equipment. (Enter the answer as a percent rounded to the nearest tenth percent.) Average annual operating income from asset Richland Get more help - Initial investment Accounting rate of return = % Clear all Check answer