Jefferson Company is considering investing $ 33,000 in a new machine. The machine is expected to last six years and to have a salvage value of $12,000. The straight-line method of depreciation is used. Annual after-tax net cash inflow from the machine is expected to be $8,000.

Calculate the following items (show and label all calculations):

1. Annual Depreciation
2. After-tax net income
3. Average Investment
4. Accounting or Unadjusted Rate of Return