WeCare Clinic is planning on investing in some new echocardiogram equipment that will require an initial outlay of $145,000. The system has an expected life of five years and no expected salvage value. The investment is expected to produce the following net cash flows over its life: $86,00 $83,000,$94,000,$80,000, and $104,000. Required: 1. Calculate the annual net income for each of the five years. 2. Calculate the accounting rate of return. Enter your answer as a whole percentage value (for example, 16% should be entered as "16") \% 3. What if a second competing revenue-producing investment has the same initial outlay and salvage value but the following cash flows (in chronological sequence): $104,000,$104,000,$104,000,$86,000, and $24,500 Calculate its accounting rate of return. Enter your answer as a whole percentage value (for example, 16% should be entered as " 16 ")