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

		Year 1		Year 2		Year 3		Year 4		Year 5
Sales		$123,450		$176,875		$243,455		$255,440		$269,125
Expenses		$134,410		$122,488		$137,289		$147,112		$130,556