A company buys a machine for $61,000 that has an expected life of 8 years and no salvage value. The company uses straight-line depreciation. The company anticipates a yearly net income of $2,900 after taxes of 32%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return? Multiple Choice 0 38.03% 0 O 6.47% 0 3.04%