Sayer Tool Co is considering investing in specialized equipment costing S60,000 The equpment has a useful Ide of five years and a residual value of $66,000 Depreciation is calcuated using the straight-Ine method The expected net cash inflows from the investrmont are given below $208,000 159.000 164.000 Year 1 2 3 96,000 133,000 $760,000 What is the accounting rate of return on the investment? (Round your answer to two decimal places.) O A. 7.20% O B. 8.72%% O C. 3.60% O D. 7.88%