A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value. The company anticipates annual income of $2,850, with the cash flows to be received evenly throughout each year. What is the accounting rate of return? Multiple Choice O O 2.85%. 4.75%. 6.65%. 9.50%. 42.75%.

A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value. The company anticipates annual income of $2,850, with the cash flows to be received evenly throughout each year What is the accounting rate of return? Multiple Choice 2.85% 475% 6.65% 9.50%6 4275%