Crowl Corporation is investigating automating a process by purchasing a machine for $796,500 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $184,500 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $21,500. The annual depreciation on the new machine would be $88.500. The simple rate of return on the investment is closest to dgnore income taxes. (Round your answer to 1 decimal place.) Multiple Choice 5949 5.94% O 5.15% 11.15% 16.75%