A company is planning to purchase a machine that will cost $27,600, have a six-year life, and be depreciated over a six-year period with 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? $ 94,000 Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (35%) Net income $50, 100 4,600 34,000 (88,700) $ 5,300 (1,855) $ 3,445 Multiple Choice 33.33%. O O (0) 24.96%. O 12.48%