ve Save & E Sum Jork Corporation has invested in a machine that cost $78,000, that has a useful life of twelve years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight line method, based on its useful life. It will have a payback period of eight years. Given these dista, the simple rate of return on the machine is closest to (ignore income taxes.): (Round your answer to 1 decimal place.) Multiple Choice 20.8% O o 17% o 42 MacBook Pro