A company is planning to purchase a machine that will cost $35,400 with a six-year life and no salvage value. The company uses straight-line depreciation. 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? $ 106,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (35%) Net income $51,300 5,900 46,000 (103, 200) $ 2,800 (980) $ 1,820 Multiple Choice 0 0 50.00% 0 0 5.14% 0