Crowl Corporation is investigating automating a process by purchasing a machine for $808,200 that would have a 9 year useful life and no salvage value. By automating the process, the company would...

Extracted text: Crowl Corporation is investigating automating a process by purchasing a machine for $808,200 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $141,000 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $22,800. The annual depreciation on the new machine would be $89,800. The simple rate of return on the investment is closest to (lgnore income taxes.): (Round your answer to 1 decimal place.) Multiple Cholce 11.28% 16.88% 6.52% 5.28% Mc Graw Hill < prev="" 2="" of="" 4="" next=""> |自0 P Type here to search 9:45 AM 49°F Mostly sunny 10/19/2021 20 DELL F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 F12 PrtScr Insert Delete PgUp PgDn Home End %23 %24 & Num