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This is correct or what is the correct answer? Question 16 4 pts A company buys a machine for $45,000 that has an expected life

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This is correct or what is the correct answer?

Question 16 4 pts A company buys a machine for $45,000 that has an expected life of 8 years and a salvage of $8,000. The company anticipates yearly cash flows of $11,404. What is the accounting rate of return? You should round your answer to 4 decimal places. For example, put your answer of 13.45% as .1345. 0.3082 Next

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