Exercise 11-4 Simple Rate of Return Method [L011-4] The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $69,000. The machine would replace an old piece of equipment that costs $17,000 per year to operate. The new machine would cost S7,000 per year to operate. The old machine currently in use is fully depreciated and could be sold now for a scrap value of $23,000. The new machine would have a useful life of 10 years with no salvage value. Required: Compute the simple rate of return on the new automated bottling machine. Simple rate of return Choose Numerator: I Choose Denominator: Simple Rate of Return Simple rate of return