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Watrous Company is considering the purchase of a new machine that will cost $ 3 2 5 , 0 0 0 . This new machine

Watrous Company is considering the purchase of a new machine that will cost $325,000. This new machine will generate net cash inflows of $82,000 each year during its 10-year useful life and has a $9,000 salvage value at the end of the ten years. The machine currently in use can be sold for $10,000 if the new machine is purchased.
Calculate the accounting rate of return on the new machine.
In entering your answer. enter your answer as a number. For example, if your answer is 15% simply enter 15.
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