Help Save & Exit Submit The management of Simple Corporation is investigating replacing an old machine with a new, more efficient machine. The current salvage value of the old machine is $17,000, the cost of the new machine is $342.000 and the expected life of the new machine is 9 years. The new machine is expected to save the company $98.450 per year in cash operating costs. Annual depreciation on the machine would be $38,000. The simple rate of return on the investment is closest to: Multiple Choice O O O O 4/23/2020 15 of 20 !!! Next