31 value 2.94 points A company is planning to purchase a machine that will cost $35,400, have a six-year life, and be depreciated over a three-year period with 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? $147 000 Sales Costs $53,900 Manufacturing 5,900 Depreciation on machine 49,000 (108,800) Selling and administrative expenses $38.200 Income before taxes Income tax (35%) 13.370) Net income $24,830 O 5.90% O 33.33% O 50.00% 140.28% C 7014%