2 12 points 020091 A company is planning to purchase a machine that will cost $24,600, will have a six-year life, and will have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? Sales Costs: Manufacturing Depreciation on machine. Selling and administrative expenses Income $ 109,000 $ 51,600 4,100 49,000 (104,700) $ 4,300 Graw Multiple Choice O O 3496% 50.00% 1136% < Previ 12 of 46 Next >