A company is planning to purchase a machine that will cost $24,000, will have a six-year life, and will have 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? Multiple Choice 33.3% 16.7% 50.0% 8.3% 4.0%