A company purchases a machine for $$142,000.$ The machine has an expected life of $12$ years and $$8,000$ salvage value. The company anticipates a yearly net income of $$21,000$ after taxes of $29\%$ to be received uniformly throughout each year. What is the accounting rate of return?

Need more information to compute.

$31\mathrm{.}30\%$

$48\mathrm{.}4\%$

$28\mathrm{.}0\%$

$24\mathrm{.}84\%$

$36\mathrm{.}40\%$