Question 22 (2 points) Pique Corporation wants to purchase a new machine for $298,000. Management predicts that the machine can produce sales of $205,000 each year for the next 4 years. Expenses are expected to include direct materials, direct labor, and factory overhead (excluding depreciation) totaling $72,000 per year. The firm uses straight-line depreciation with no residual value for all depreciable assets. Pique's combined income tax rate is 50%. Management requires a minimum after-tax rate of return of 15% on all investments. Rounded to the nearest whole percentage (e.g., 31.349% = 31%), what is the annual accounting (book) rate of return (ARR) based on the initial investment? Question 22 options: 10%. 18%. 38%. 34%. 22%. Question 23 (3 points) The Multi Resource Company manufactures two lines of washing machines, Regular and Deluxe. The contribution margin per unit of a Regular model is $110 and for Deluxe Model is $175. The company has two departments, Assembly and Testing. The Regular Model requires 3 hours to assemble, while a Deluxe Model requires 4 hours. The total time available in Assembly is 12,120 hours. In the Testing Department, it requires 2.5 hours to test a Regular Model and 1.5 hours to test a Deluxe Model. A total of 6,210 hours of testing time is available. Based on this information, the optimum production plan for Multi Resource is: Question 23 options: 4,040 Deluxe Models. 1,211 Regular Models and 2,122 Deluxe Models. 3,030 Deluxe Models. 2,484 Regular Models. 4,140 Regular Models.