#16 thank you

16. Ignore income taxes in this problem Hinck corporation is investigating automating a process by purchasing a new machine for $520,000 that would have an eight-year useful life and not salvage value By automating the process, the company would save $134,000 per year in cash operating costs. The company's current equipment would be sold for scrap now, yielding $22,000. The annual depreciation of the new machine would be 565,000 Whats the simple rate of retum on the investment to the nearest tenth of a percent