The following data concerns a proposed equipment purchase: Cost Salvage value Estimated useful life Annual net cash flows Depreciation method $152,000 $ 8,000 4 years $ 50,100 Straight-line Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is: Multiple Choice $50.100 $16,100 Multiple Choice $50,100 $16,100 $48,100 $86,100 $14,100