A manager is considering investing in specialized equipment costing $240,000. The equipment has a useful life of 5 years and a residual value of $20,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are:Year 1: $60,000 Year 2: $90,000 Year 3: $110,000 Year 4: $40,000 Year 5: $45,000. What is the accounting rate of return on the investment? Select one: O a. 11.36% O b. 11.95% O c. 8.75% d. 9.55%