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 Year 5 Sales $123,450 $173,875 $238,455 $260,440 $269,125 Expenses $139,410 $123,488 $140,289 $144,112 $137,556 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 % Save for Later Attempts: 0 of 2 used Submit Answer (a2) The parts of this question must be completed in order. This part will be available when you complete the part above