Rowdy Company is considering purchasing labor-saving equipment. The equipment will cost $120,000, have a useful life of 8 years after which will have a sage value of $5,000. The machine will provide the company with cost savings (excluding depreciation) of $34.000 annually.e. an in rease income). V hat is the simple rate of return on the equipment? Use straight-line depreciation based on the equipment's useful life and salvage value. Round to the closest percent. 169 1296 None of the d e