The following relates to a proposed equipment purchase: Cost Salvage value Estimated useful life Annual net cash flows Depreciation method $164,000 $ 8,500 4 years $ 56,100 Straight-line Ignoring income taxes, the annual net income amount used to calculate the accounting rate of return is: Multiple Choice $53,975 $94.975 $17.225 $19,350 0 $56,100