Meccah,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 $60,000 per year for 4 years.What is the accounting rate of return?

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The Answer of  Meccah,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 $60,000 per year for 4 years.What is the accounting rate of return?