Select Golf Products is considering whether to upgrade its equipment Managers are considering two options Equipment manufactured by Atas Inc. costs $1.100.000 and will last six years and have no residuale The Alas equipment will generate annual operating income of $170.500. Equipment manufactured by L eon Limited costs $1.170,000 and will remains for seven years. It promises annual operating income of $234,000, and its expected residual value is $105.000 Which equipment offers the higher ARR? First, enter the formula, then calculate the ARR (Accounting Rate of Retum) for both pieces of equipment Enter the answer as a percent rounded to the nearest tenth percent) Accounting rate of return - Accounting rate of retum Accumulated depreciation Annual depreciation Average annual net cash inflow Average annus operating income from asset Expected a nnet cash inflow Choose from any Initial investment HuyUIU UIL CUISIueilly iwo options. Equipment manufactured by Atlas Inc ne of $170,500. Equipment manufactured by Littleton Limited costs $1,170,000 and will re ng Rate of Return) for both pieces of equipment. (Enter the answer as a percent rounded t Accounting rate of return = Future value Initial investment Net present value Present value Residual value Total cash inflows answer. Clear All