The Snacks Galore is looking to expand its business by adding a new line of vending machines. The management team is considering expanding into either soda machines or snack machines. Following is the relevant financial data relating to the decision: Soda Snack Machines Machines Investment $100,000 $150,000 Useful life (years) 5 10 Estimated annual net income generated over useful life $30,000 $18,000 Residual value $10,000 $5.000 Depreciation method straight-line straight-line Income tax rate 204 20% Required rate of return 8% 12% Calculate the average rate of return for the snack machines Select one a. 27.6% b.24 C. 41.94 d. 23.2% e. 43.34