Crowl Corporation is investigating automating a process by purchasing a machine for $792,900 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $132,500 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $21,100. The annual depreciation on the new machine would be $88,100.

The simple rate of return on the investment is closest to (ignore income taxes)

A. 11.11%

B. 16.71%

C. 5.11%

D. 5.75%