A company is planning to purchase a machine that will cost $25,200, will have a six-year life, and will have no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What i is the accounting rate of return for this machine? Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income Mutiple Choice 32.54% 33.33% 4,20% 50.00% $ 51,700 4,200 50,000 $ 110,000 (105,900) $4,100