nl A company is considering the purchase of a new machine for $48,000. Management predicts that the machine can broduce sales of $16,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor,and actory overhead totaling $8,000 per year plus depreciation of $4,000 per year. The company's after-tax net income, based on a tax rate of 40%, is $2,400. What is the approximate accounting rate of return for the machine? 2037 Lab 8 Assignment 11) A company buys a machine for $60,000 that has an expected life of 9 years and no salvage value. The company anticipates a yearly net income of $235 after taxes of 30% with the cash flows to be received evenly throughout each year. What is the accounting rate of return? 12) A company buys a machine for $76,000 that has an expected life of 6 years and no salvage value. The company anticipates a yearly after tax net income of $1,805. What is the accounting rate of return? 13) A company is considering a 5-year project. The company plans to invest $60,000 now and it forecasts cash flows for each year of $ 16,200. The company requires a hurdle rate of 12%. Calculate the internal rate ofreurn to determine whether it should accept this project. A) The project should be accepted. B) The project should be rejected because it earns less than 10%. C) The project earns more than 10% but less than 12%. At a hurdle rate of 12%, the project should be rejected. D) Only 9% is acceptable. E) Only 10% is acceptable. 14) Tressor Company is considering a 5-year project. The company plans to invest $90,000 now and it forecasts cash flows for each year of $25,000. The company requires that investments yield a discount rate of at least 10%