Calculate the simple rate of return of the equipment using the straight-line depreciation method based on the new machine's useful life. 10% 9.34% 14.16% 16.49% The corporate policy of ABC Steel Co. is to require a rate of return of 10%. Based on this requirement, would ABC buy the new machine? yes no cannot be determined none of above Tiger Corp. produces a single product. Data containing that product appears below. Selling Price per unit $90 Variable cost per unit 60 Contribution margin 530 Fixed costs are $270,000. The company is currently selling 10, 500 units. What is the contribution margin ratio? 0.3333 0.5 0.6666 0.2