ignore income taxes in his problem. Hinck Corporation is investigat ng au o mating a process by puro as ng a ew machne fo ese p that would have a 6 yea us fue andro salvage value. By automating the process, the company would save $135,000 per year in cash operating costs. The company's current equipment would be sold for scrap now, yielding $26,000. The annual depreciation on the new machine would be $86,500 Required: Determine the simple rate of return on the investment to the nearest tenth of a percent. (Round final answer to one decimal place.) turn