The numbers there are wrong

Slice Golf Products is considering whether to upgrade its equipment. Managers are considering two options. Equipment manufactured by Root inc. costs $1,000,000 and will last four years and have no residual value. The Root equipment will generate annual operating income or $160,000. Equipment manufactured by Littleton Limited costs $1,320,000 and will remain useful for five years, It promises annual operating income of $231,000, and its expected residual value is $105,000. Which equipment offers the higher ARR? First, enter the formula, then calculate the ARR (Accounting Rate of Rotumn) for both pleces of equipment. (Enter the answer as a percent rounded to the nearest tenth percent.)