1.00 points e taxes in this problem.) The management... (Ignore income taxes in this problem.) The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of $30,000, would be replaced by a new machine. The new machine would be purchased for $438,000 and would have a 6 year useful life and no salvage value. By automating the process, the company would save $151,000 per year in cash operating costs. The simple rate of return on the investment is closest to: 19.1% 17.8% 34.5% o 16.7%