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A company is planning to purchase a machine that will cost $ 2 9 , 4 0 0 , will have a six - year

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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?
10.39%.
4.90%.
50.00%
31.97%
33.33%.
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