Crowl Corporation is investigating automating a process by purchasing a machine for $806,400 that would have e 9 year useful life and no salvage value. By automating the process, the company would save $140,000 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $22,600. The annual depreciation on the new machine would be $89,600. The simple rete of return on the investment is closest to (Ignore income taxes): (Round your answer to 1 decimal place.) Multlple Cholce O O O O 1126% 16.86% 526%