Sure-Lock Ltd. is purchasing new equipment at a cost of $325,000. Depreciation on the equipment will be straight-line to zero for 6 years. The equipment will yield net income of $100,000 in the first year of its operation. After that, net income will decrease at a rate of 10% per year. What is the accounting rate of return of the equipment, given that the required rate of return is 15% and the tax rate is 35%?