Crowl Corporation is investigating automating a process by purchasing a machine for $810,000 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $142,000 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $23,000. The annual depreciation on the new machine would be $90,000. The simple rate of return on the investment is closest to (ignore income taxes): Multiple Choice 5.30% 16.90% 6.61% 11.30%