Varderbilt Corp, is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $270,000. The equipment will have an initial cost of $1,000,000 and have an 8 year for there is no salvage value of the equipment, what is the accounting rate of retum of Vanderbilt? Multiple Choice 1953 220 19.5% (0) 22.0% O 54.0% O 27.0%