A company is planning to purchase a machine that will cost $24,000 with a six-year lfe and 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? $ 108,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses $51,500 4,000 48,000 (103,500) $ 4,500 (1,800) Income before taxes (40%) Income tax $ 2,700 Net income Multiple Choice o 400%, 11.25% 50.00% 22.50% 33.33%