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(Ignore income taxes in this problem.) The management of Orebaugh Corporation is investigating automating a process by replacing old equipment by a new machine. The
(Ignore income taxes in this problem.) The management of Orebaugh Corporation is investigating automating a process by replacing old equipment by a new machine. The old equipment would be sold for scrap now for $15,800. The new machine would cost $458,500, would have a 5 year useful life, and would have no salvage value. By automating the process, the company would save $169,300 per year in cash operating costs. Required: Determine the simple rate of return on the investmen
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