A company is planning to purchase a machine that will cost $24,600 with a six-year life and 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?

8 MC Qu. 90 A company is planning to purchase.. A company is planning to purchase a machine that will cost $24,600 with a six-year life and 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? points 01:04:49 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (35%) Net income $91,000 $52,100 4,100 31,000 (87,200) $ 3,800 (1,330) $ 2,470 Multiple Choice 33.33%. 50.00%. 4.10%. 20.08%. 10.04%