Q6: Jolly Holiday Company is considering investing $52,000 in a new machine. The machine is expected to last 8 years and to have a salvage value of $2,000. The straight-line method of depreciation is used. Annual after-tax net cash flow from the machine is expected to be $10,000. Round depreciation to nearest DOLLAR. a. Calculate Annual Straight-line depreciation Annual depreciation = b. Calculate After-tax net income After tax net income = c. Calculate the Average Investment Averag Investment = d. Calculate the Accounting (or Unadjusted) Rate of Return Accounting Rate of Return = e. Explain what the Accounting or Unadjusted Rate of Return tells you about this company