Scarborough Oil Co. must make a choice between two investments: Del Rio at a cost of $300,000 or Laredo at a cost of $275,000. Given the following information, calculate the accounting rate of return. (Round percentage answer to two decimal places and include %.) Which investment should Scarborough choose?

Year	Del Rio	Laredo
1	$22,000	$21,000
2	$15,000	$21,000
3	$23,000	$21,000
4	$22,000	$21,000
5	$21,000	$21,000
6	$20,000	$21,000
Total	$123,000	$126,000

Calculate ARR for Del Rio (round to two decimal places and include %):

Calculate ARR for Laredo (round to two decimal places and include %):

Based on ARR, which investment should Scarborough choose, Del Rio or Laredo?: