accounting rate of return

Project Description:

a company is considering purchasing a machine for $23,000. the machine will generate an after-tax net income of $2,400 per year. annual depreciation expense would be $1,900. what is the approximate accounting rate of return?
20.83%
10.43%
18.70%
10.00%
20.87%
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Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
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