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A company is planning to purchase a machine that will cost $35,400, will have a six-year life, and will have no salvage value. The company

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A company is planning to purchase a machine that will cost $35,400, 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? Multiple Cnolce 5.14% 50.00% 33.33%. 15.82% 5.90%

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