A company is planning to purchase a machine that will cost $32,400, 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 $ 101,000 $ 50,800 5,400 41,000 (97,200) $ 3,800