A company is planning to purchase a machine that will cost $35,400, have a six-year life, and be depreciated over a three-year period with 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? $147,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses $53,900 5,900 49,000 (108,800) $38,200 (13,370) Income before taxes Income tax (35%) Net income $24,830 o 33.33% 0 70.14% 140.28% 0 5.90% 0 50.00%