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D Question 4 6 pts (Ignore income taxes in this problem.) The management of Apple Corporation is investigating automating a process by replacing old

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D Question 4 6 pts (Ignore income taxes in this problem.) The management of Apple Corporation is investigating automating a process by replacing old equipment by a new machine. The old equipment would be sold for scrap now for $15,000. The new machine would cost $445.000, would have a 5 year useful life, and would have no salvage value. By automating the process that would increase sales revenues by $438,000 per year and cash operating expenses by $258,000 per year. Required: Determine the simple rate of return on the investment to the nearest tenth of a percent. Show your work! Edit Format Table: 12pt Paragraph BIUA

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