A company is planning to purchase a machine that will cost $28,200 with a six-year life 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? Sales $ 95,000 Costs: Manufacturing $ 50,200 Depreciation on machine 4,700 Selling and administrative expenses 35,000 (89,900 ) Income before taxes $ 5,100 Income tax (30%) (1,530 ) Net income $ 3,570 Multiple Choice 50.00%. 25.32%. 33.33%. 4.70%. 12.66%.