A company is planning to purchase a machine that will cost $33,000, will have a six-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 Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income Multiple Choice 6.55% 21.82%. 5.50%. 50.00%. 33.33%. $50,900 5,500 42,000 $ 102,000 (98,400) $ 3,600

company is planning to purchase a machine thot will cost $33,000, wil have a slxyear life, and wil hove no salvage value. The company expects to ell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the assets life appears below. What. the accounting rate of retum for this machine? Muttiple Cnoice 6.5s 12 5508 5000k