Use the following data for Questions 9 and 10.
Antonio, Inc., has invested in new production equipment at a cost of $24,000. The equipment has an estimated useful life of eight years. The estimated annual sales and operating expense related to the equipment are as follows:
The accounting rate of return is approximately
a. 12.5%.
b. 20.8%.
c. 25.0%.
d. 33.3%.
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