A company ls planning to purchase a machine that will cost $31800 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? $100,000 Sales Costsi Manufacturing Depreciation on machine Selling and administrative expensers Income before taxes Income tax (35%) Net income $50,700 5,300 40,000 (96, 000) $ 4,000 (1,400) $ 2,600