Westion 1 of 40 5 points Save A Prescott Corporation is considering an investment in new equipment costing $918,000. The equipment will be depreciated on a straight line basis over a ten year life and is expected to have a residual value of $98,000. The equipment is expected to generate net cash inflows of $152,000 for each of the first five years and 5116,000 for each of the last five years. What is the accounting rate of return associated with the equipment investment? (Round your answer to two decimal places) 9.05% 10.95% 10.24% 11.34%