The following data concerns a proposed equipment purchase Cost S149, 000 Salvage value Estimated useful life Annual net cash flows Depreciation method $ 6, 500 4 years $ 48, 60O Straight-line ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is: Multiple Choice S48,600 S12,975 $14,600 $84.225 $46.975 The following data concerns a proposed equipment purchase Cost S149, 000 Salvage value Estimated useful life Annual net cash flows Depreciation method $ 6, 500 4 years $ 48, 60O Straight-line ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is: Multiple Choice S48,600 S12,975 $14,600 $84.225 $46.975