A company is planning to purchase a machine that will cost $26,400, 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 $ 93,000 Costs: Manufacturing $ 50,000 Depreciation on machine 4,400 Selling and administrative expenses 33,000 (87,400) Income $ 5,600 Multiple Choice 33.33%. 42.42%. 50.00%. 4.40%. 12.73%.