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A new manufacturing machine is expected to cost $556,000, have an eight-year life, And a $60,000 salvage value. The machine will yield an annual income
A new manufacturing machine is expected to cost $556,000, have an eight-year life, And a $60,000 salvage value. The machine will yield an annual income of $69,916. Annual depreciation expense is $62,000 per year. Compute the accounting rate of return for the investment.
multiple choice:
22.7%
23.4%
46.9%
12.2%
24.5%
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