ter 14) 6 Served Help Save & Exit Submit Crowl Corporation is investigating automating a process by purchasing a machine for $794700 that would have a 9 year useful life and no salvage value By automating the process, the company would save $133,500 per year in cash operating costs The new machine would replace some old equipment that would be sold now for $21,300 . The annual depreciation on the new machine would be $88.300. The simple rate of return on the investment is closest to ignore income taxes): (Round your answer to 1 decimal place.) Multiple Choice 1113 1673 9