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8. (3 points) (Ignore income taxes in this problem.) Slomkowski Corporation is contemplating purchasing equipment that would increase sales revenues by $298,000 per year and
8. (3 points) (Ignore income taxes in this problem.) Slomkowski Corporation is contemplating purchasing equipment that would increase sales revenues by $298,000 per year and cash operating expenses by $153,000 per year. The equipment would cost $696,000 and have a 8 year life with no salvage value. The annual depreciation would be $87,000. The simple rate of return on the investment is closest to
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