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A company is planning to purchase a machine that will cost $25.200 with a six-year life and no salvage value. The company expects to sell

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A company is planning to purchase a machine that will cost $25.200 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? s 110,000 Sales Costs: Manufacturing Depreciation on machine selling and administrative expenses Income before taxes $51,700 4,200 50, 000 (105,900) 4,100 Income tax (30%) (1,230) Net income S 2,870

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