Jason Corporation has invested in a machine that cost $58,000, that has a useful life of five years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of four years. Given these data, the simple rate of return on the machine is closest to: (ignore income taxes in this problem,) (Round your answer to 1 decimal place.) o 1.4% 2.5% o 50% o 450%