TB MC Qu. 12-54 (Algo) Estimated accounting (book) rate of return on the initial investment: Food Harvesting Corporation Food Harvesting Corporotion is considering purchasing a machine for \$2,200,000. The machine is expected to generate a constant after-tax income of $70.000 per year for 11 years. The firm will use stralght -line (5L) depreciation for the new machine over 8 years with no residual value. What is the evilimoted accourting (book) rate of return (rounded to two decimal places) on the inital investment