Ignore income taxes in this problem.) Mercer Corporation is considering replacing a technologically obsolete machine with a new state-of-the-art numerically controlled machine. The new machine would cost $130,000 and would have a ten-year useful life. Unfortunately, the new machine would have no salvage value. The new machine would cost $16.000 per year to operate and maintain, but would save $46,000 per year in labor and other costs The old machine can be sold now for scrap for $13.000. The simple rate of return on the new machine is closest to Assume the company uses straight-line depreclation.) ? 14.53% 2906% 35.38% 13.08% O Type here to search t 49 8 2 3 4 6