Question Help Sunset Golf Products is considering whether to upgrade its equipment Managers are considering two options Equipment manufactured by Richland Inc costs 5900 000 and will last four years and have no residual value. The Richland equipment will generate annual operating income of $153,000. Equipment manufactured by Riverside Limited costs 51.170.000 and will remain useful for five years it promises annual operating income of $234 000, and its expected residual value is $100.000 Which equipment offers the higher ARR? First, enter the formula then calculate the ARR (Accounting Rate of Return) for both pieces of equipment. (Enter the answer as a percent rounded to the nearest tenth percent) Accounting rate of return Richland Riverside Which equipment offers the higher ARR? The equipment offers the higher rate of retum