Choices 19%, or 18%, or 34.7, or 16.7%

on 1 Saved Help Save & TB MC Qu. 12-98 The management of Ro Corporation is... The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $21,00 would be replaced by a new machine. The new machine would be purchased for $378,000 and would have a 6 year useful life ar salvage value. By automating the process, the company would save $131,000 per year in cash operating costs. The simple rate of return on the investment is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.) Multiple Choice O 19.0%