A company is planning to purchase a machine that will cost $24,000, have a six-year life, and be depreciated over a six-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? $ 90,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (505) Net income $52,000 4,000 30,000 (86,000) $ 4,000 (2,000) $ 2,000