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 company's tax rate is 34 percent. Year 1 Year 2 Year 3 Year 4 $118,450 Sales Expenses $172,875 $132.488 $239,455 $140,289 $250,440 $142,112 Year 5 $271,125 $130,556 $135,410 Crane will accept all projects that provide an accounting rate of return (ARR) of at least 45 percent. (a1) Calculate accounting rate of return. (Round answer to 1 decimal place, e.g. 15.2%) % Accounting rate of return