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16 TB MC Qu. 24-90 A company is planning to purchase a machine......

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16 TB MC Qu. 24-90 A company is planning to purchase a machine... A company is planning to purchase a machine that will cost $32,400 with a six-year life and no salvage value. The company uses straight-line depreciation. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the accounting rate of return for this machine? 5 points $101,000 eBook Sales Costs: Manufacturing Depreciation on machine Selling and administrative expenses Income before taxes Income tax (30%) Net income $50,800 5,400 41,000 Print (97,200) $ 3,800 (1,140) $ 2,660 References Multiple Choice O 33.33% O 5.40% 16.42% O O 8.21% 50.00% O

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