A company is planning to purchase a machine that will cost $25,200 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? $ 110,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (30%) Net income $51,700 4,200 50,000 (105,900) $ 4,100 (1,230) $ 2,870 | Multiple Choice o 4.20%. o 50.00%. o 33.33%. o 2278%. 22.78%. 11.39%