27-31

instructions help 3 (Ch. 8, 9, Save & Exit submit Question 27 (of 36) Time remaining: 2:15:10 Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $136,300. The equipment will have an initial cost of $470,000 and have a 7 year life. If the salvage value of the equipment is estimated to be $8,000, what is the accounting rate of return? O 46.1196 O 18.28% O 2900% O 151.37%