SelectSelect Golf Products is considering whether to upgrade its equipment. Managers are considering two options

Select Golf Products is considering whether to upgrade its equipment Managers are considering two options. Equipment manufactured by Atlas Inc. costs $1 and will last four years and have no residual value. The Atlas equipment will generate annual operating income of $198,000. Equipment manufactured by Brookside Limited costs $1 , 170,000 and will remain useful for five years. It promises annual operating income of $234,000, and its expected residual value is $110,000. 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 Atlas Brookside Which equipment offers the higher ARR? The Y equipment offers the higher rate of return.