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 $68,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below. Year 1 2345 $204,000 159,000 A. 15.07% OB. 6.05% C. 13.42% D. 12.09% 165,000 97,000 135,000 $760,000 What is the accounting rate of return on the investment? (Round your answer to two decimal places.)

Sayer Tool CQ is considering investing in specialized equipment costing $620,000. The equipment has a useful Ife of five years and a residual value of $68,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below What is the accounting rate of return on the investment? (Round your answer to two decimal places.) A. 15.07% B. 6.05% C. 1342% D. 12.09%