Copr., Goed GreenWay is considering investing in a new machine to provide a new residential cleaning service. The machine costs $300,000. The machine has a useful life of 13 years and the annual depreciation expense would be $20,700. They estimate they can generate $93,300 in annual revenue from the new service. Cash operating expenses are estimated to be $42,000 per year. The machine has an approximate salvage value of $30,000 at the end of its useful life. The company has a 10% minimum rate of return. The payback period for this investment is: 8.82 years 5.85 years 5.26 years 9.80 years Question 10 1 pts Copr., Goed GreenWay is considering investing in a new machine to provide a new residential cleaning service. The machine costs $300,000. The machine has a useful life of 13 years, and the annual depreciation expense would be $20,700. They estimate they can generate $93,300 in annual revenue from the new service. Cash operating expenses are estimated to be $42,000 per year. The machine has an approximate salvage value of $30,000 at the end of its useful life. The company has a 10% minimum rate of return. The simple rate of return for this investment is: 17.1% 10.2% 11.3% 19.0%