A manufacturing company bought a new machine for $$150,000.$ The machine will last ten years and will be depreciated using the straight$-$line method. The estimated salvage value of the machine is zero and should generate a yearly cash inflow of $$39,000.$Requirement:What is the accounting rate of return? $($Ignoring taxes$)$Hints and Reference:Lecture and reading material of Capital Budgeting Part I and related MS excel file.