Sayer Tool Co., is considering investing in specialized equipment costing $620,000. The equipment has a useful life of five years and a residual value of $70,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below: Year 1 2 $206,000 153,000 167,000 100,000 104,000 $730,000 What is the accounting rate of return on the investment? (Round your answer to two decimal places.) A. 13.09% B. 5.22% C. 10.43% D. 11.61% CETTE