D E F G H Q6: Jolly Holiday Company is considering investing $50,000 in a new machine. The machine is expected to last 7 years and to have a salvage value of $4,000. The straight-line method of depreciation is used. Annual after-tax net cash flow from the machine is expected to be $10,000. Round depreciation to nearest DOLLAR. 5 a. Calculate Annual Straight-line depreciation 6 7 Annual depreciation = Points P Points Ea 8 Points Poss Points Earn 39 90 b. Calculate After-tax net income 91 92 After tax net income = 93 94 95 c. Calculate the Average Investment 96 97 Average Investment = 98 99 100 d. Calculate the Accounting (or Unadjusted) Rate of Return 101 102 Accounting Rate of Return = 103 104 1051 Points Possil Points Earned Peints Possible Points Earned