The management of Ballard MicroBrew is consideting the parchase of ao automated botting machine for $66.000 The machine would replace an old prece of equipment that costs $17000 per year to operate. The new machine would cost $8,000 per year to operate. The old imachine cuirently in use is fully depreclated and could be sold now fot a salvage value of $29,000. The new machine would havo a useful life of 10 years with no salvage value. Required: 1. What is the annual depreciation expense associated with the new botting anachine? 2. What is the annual incremental net operating income provided toy the new botting machine? 3. What is the amount of the inntal investment assoclated with this project that should be used for calculating the simple rate of retion? A What is the simple rate of retuin on the new bolling machine? (Round your answer to 1 decimal place l.e. 0.123 should be considered as 12.3% )