Jason Corporation has invested in a machine that cost $72,000, that has a useful life of eight 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 perlod 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.) 12.5% O 10.0% 8.9% 37.5%