Hammer Corporation wants to purchase a new machine for $285,000. Management predicts that the machine will produce sales of $290,000 each year for the next 5 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $89,000 per year. The firm uses straight-line depreciation with an assumed residual (salvage) value of $50,000. Hammer's combined Income tax rate, t, is 40%. What is the estimated accounting (book) rate of return (ARR) for the proposed Investment, based on average Investment? (Round answer to nearest whole number/percentage.) Multiple Choice 43%. 45%. O 48%. O o 55% 65% O