The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $62,000. The machine would replace an old piece of equipment that costs $16,000 per year to operate. The new machine would cost $7,000 per year to operate. The old machine currently in use is fully depreciated and could be scid now for a 5atvage value of $23.000. The new machine would have a uspul life of 10 years with no salvage value. Required: 1. What is the annual depreciation expense asseclated with the now botting machine? 2. What is the annual incremental net operating income provided by the new botting machine? 3. What is the amount of the initial ifvestment assoclated with this project that should be used for calculating the simple fate of refurn? 4. What is the simple rate of retum on the new botting machine? (Round your answer to 1 decimal place i.e. 0.123 should be considered as 12.3% )