The following relates to a proposed equipment purchase: 34 00:52:36 Cost Salvage value Estimated useful life Annual net cash flows Depreciation method $161,000 $ 7,000 4 years $ 54,600 Straight-line Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is: Multiple Choice $54.600 $17,850 $93.100 $16,100 $52,850