The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $66,000. The machine would replace an old piece of equipment that costs $17,000 per year to operate. The new machine would cost $8,000 per year to operate. The old machine currently in use is fully depreciated and could be sold now for a scrap value of $29,000. The new machine would have a useful life of 10 years with no salvage value Required: Compute the simple rate of return on the new automated bottling machine Simple rate of return Choose Numerator: I Choose Denominator:-| Simple Rate of Return = | Simple rate of return