AAR?

Your firm is considering purchasing a machine with the following annual, end-of-year, book investment accounts. Year @ Year 1 Year 2 Year 3 Year 4 Gross investment $ 62,000 $ 62,000 $ 62,000 $ 62,000 $ 62,000 Less: Accumulated depreciation @ 15,500 31,000 46,500 62,000 Net investment $ 62,000 $ 46,500 $ 31,000 $ 15,500 @ The machine generates, on average, $6,700 per year in additional net income. What is the average accounting return for this machine? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. me id