A new manufacturing machine is expected to cost $298,000, have an eight-year life, and a $52,000 salvage value. The machine will yield an annual incremental after-tax income of $54,000 after deducting the straight-line depreciation. Compute the accounting rate of return for the investment. Multiple Choice o 30.7% O 48.4% O 30.9%. O 36.2%. O 34.9%