Dartis Company is considering investing in a specialized equipment costing $600,000. The equipment has a useful life of 5 years and a residual value of $60,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are given below. 
What is the accounting rate of return on the investment?
Definitions:
Selection Bias
A distortion in a statistical analysis resulting from the method of collecting samples that is not random and therefore not representative of the population being studied.
Participant Bias
The influence that subjects in an experiment might have on the outcome due to their awareness of being observed or expectations about the experiment.
Random Sample
A sample that gives every member of the population an equal chance of being selected.
Population
The total number of inhabitants constituting a particular race, class, species, or area.
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