The managerient of Ballard Microbrew is considering the purchase of an automated bottling moch ine for $51,000. The machine would replace an ald piece of equipment that costs $13,000 per year to operate. The new machine would cost $6,000 pcr year fo operate. The old machine currenty in use is fully deprecioted and could be sold now for a salvage value of $21,000. The new machine woald have a uscful te of to years with no salvage value. Required: 1. What is the annusi depreciation expense associated with the new botting machine? 2. What is the ansual incremental net operating income provided by the new boatling machine? 3. What is the amount of the inital investment associated with this ptoject that shauld bo usod for calculating the simple rate of resurn? 4. What is the simple rate of return on the new botting machine? (Round your answer to 1 decimal place lie. 0.123 should be considered as 12.34