Martinez Products manufactures a line of desk chairs. Martinez's production operations are divided into two departments - Department 1 and Department 2. The company uses a process costing system. Martinez incurred the following costs during the year to produce 26,000 chairs: Department 1 Department 2 $856,500 $291,000 If Martinez sells 22,500 chairs during the year, what will be the cost per chair produced? (Round your answer to two decimal places.) A. $32.94 B. $38.07 C. $51.00 D. $44.13 Sayer Tool Co. is considering investing in specialized equipment costing $680,000. The equipment has a useful life of five years and a residual value of $65,000. Depreciation is calculated using the straight line method. The expected net cash inflows from the investment are given below: Year 1 $205,000 2 153,000 3 170,000 4 101,000 5 121,000 $750,000 What is the accounting rate of return on the investment? (Round your answer to two decimal places.) O A. 7.94% B. 3.62% C. 8.78% D. 7.25%