Sayer Tool Co. is considering investing in specialized equipment costing 5610,000. The equipment has a useful life of five years and a residual value of 569.000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below 5210.000 159.000 160,000 136.000 $700.000 What is the accounting rate of return on the investment (Round your answer to two decimal places.)