A company is planning to purchase a machine that will cost $24.600, will have a se 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 $ 91,600 Costs: Manufacturing $ 52,100 Depreciation on machine 4,100 Selling and administrative expenses 31,000 (87,200) Income $ 3,800