07 Jack Corporationsvested in a machine that cost $60,000, that has a useful life of five years, and that has no salvage value at the end of its useful life. The machine is being deprecated by the straight line method, based on its useful life. It will have a payback period of the years. Given these data, the simple rate of return on the machine is closest to more income taxes. (Round your answer to 1 decimal place) Mi Chow 10 ME Prov 5.1418! Next >