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A company buys a machine for $72,000 that has an expected life of nine years and no salvage value. The company anticipates a yearly net

A company buys a machine for $72,000 that has an expected life of nine years and no salvage value. The company anticipates a yearly net income of $5,850 after taxes of 30%, with the cash flows to be received evenly throughout of each year. What is the accounting rate of return?

a. 27.08%

b. 16.25%

c. 11.11%

d. 8.13%

e. 73.13%

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