Self-Study Problem 10.03 a1-a2 Blossom Corp. management is considering purchasing a machine that will cost $117,250 and will be depreciated on a straight-line basis over a five-year period. The sales and expenses (excluding depreciation) for the next five years are shown in the following table. The company's tax rate is 34 percent. Year 1 Year 2 Year 3 Year 4 Year 5 Sales$124,450 $174,875 $237,455$251,440 $263,125 Expenses $140,410 $130,488 $137,289 $140,112 $129,556 Blossom will accept all projects that provide an accounting rate of return (ARR) of at least 45 percent. Calculate accounting rate of return. (Round answer to 1 decimal place, eg, 15.2%.) Accounting rate of return Should the company accept the project? Blossom should the project. Click if you would like to Show Work for this question: Open Show Work