Crowl Corporation is investigating automating a process salvage value. By automating the process, the company would save $134,500 per year in cash operating costs. The new machine would replace some old equipment thet would be $88.500. The simple rate of return on the investment is closest to (Ignore income taxes 17 by purchasing a machine for $796,500 that would have a 9 year useful life and no sold for scrap now, yielding $21,500. The annual depreciation on the new machine would be Multiple Choice 00 46 27 15% 79% 594% 535%