Prescott Corporation is considering an investment in new equipment costing $928,000. The equipment will be depreciated on a straight-line basis over a ten-year site and is expected to have a residual value of $106.000. The equipment is expected to generate net cash inflows of $144,000 for each of the first five years and $102.000 for each of the last five years. What is the accounting rate of retum associated with the equipment investment? (Round your answer to two decimal places) OA 7.89% OB. 9.63 % O.C. 9.39 % OD. 9.05%

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