Crane Corp. management is considering purchasing a machine that will cost $117,250 and will be depreciated on a straight-line basis over a five-year period. The sales and expenses (excluding depreciation) for the next five years are shown in the following table. The companys tax rate is 34 percent.

		Year 1		Year 2		Year 3		Year 4		Year 5
Sales		$127,450		$176,875		$247,455		$254,440		$271,125
Expenses		$141,410		$128,488		$137,289		$145,112		$139,556

Crane will accept all projects that provide an accounting rate of return (ARR) of at least 45 percent.

Calculate accounting rate of return. (Round answer to 1 decimal place, e.g. 15.2%.)

Accounting rate of return

enter the Accounting rate of return in percentages rounded to 1 decimal place

This was what I got but it was marked as incorrect.

$ 0.73