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Problem 7-5 Average Accounting Return Your firm is considering purchasing a machine with the following annual, end-of-year, book investment accounts. Year 4 $67,000 $67,000 $67,000$67,000

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Problem 7-5 Average Accounting Return Your firm is considering purchasing a machine with the following annual, end-of-year, book investment accounts. Year 4 $67,000 $67,000 $67,000$67,000 67,000 Purchase Date Year1 Year 2 Year 3 Gross investment ,000 Net investment ted depreciation The machine generates, on average, $5,300 per year in additional net income. What is the average accounting return for this machine? (Do not round intermediate calculations. Enter your answer as a percent 16,750 $50,250 50,250 $16,750 Less: Accumulated depreciation 33,500 $33,500 $67,000 rounded to 2 decimal places, e.g., 32.16.) AAR

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