Russnak Corporation is Investigating automating a process by purchasing a new machine for $516,000 that would have a 6 year useful life and no salvage value. By automating the process, the company would save $120,000 per year in cash operating costs. The company's current equipment would be sold for scrap now, yielding $23,000. The annual depreciation on the new machine would be $86,000. (Ignore Income taxes.) Required: Determine the simple rate of return on the Investment. (Round your answer to 1 decimal place.) Simple rate of return %