Sicily, Inc.., is considering investing $250,000 in a machine that will last 4 years with no residual value. The new machine will generate annual operating income of $55,000 per year for 4 years. What is the accounting rate of return?

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The Answer of Sicily, Inc.., is considering investing $250,000 in a machine that will last 4 years with no residual value. The new machine will generate annual operating income of $55,000 per year for 4 years. What is the accounting rate of return?