A company is planning to purchase a machine that will cost $$29,400,$ 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?

$$

$10\mathrm{.}39\%.$

$4\mathrm{.}90\%.$

$50\mathrm{.}00\%$

$31\mathrm{.}97\%$

$33\mathrm{.}33\%.$

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