A company is planning to purchase a machine that will cost $25,800 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? $ 92,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (30%) Net income $52,200 4,300 32,000 (88,500) $ 3,500 (1,050) $ 2,450