A machine costs $300,000 and is expected to yield an after-tax net income of $9,000 each year. Management predicts this machine has a 11-year service life and a $60,000 salvage value, and it uses straight-line depreciation. Compute this machines accounting rate of return.

Accounting Rate of ReturnChoose Numerator:/Choose Denominator:=Accounting Rate of Return/=Accounting rate of return