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TB MC Qu$.24-90$ A company is planning to purchase a machine...

A company is planning to purchase a machine that will cost $$34,800$ with a six$-$year life and no salvage value. The company uses straight$-$line depreciation. The company expects to sell the machine's output of $3,000$ units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine?

References

$\backslash$table$[[$Sales$,,$$$105,000$