(Ignore income taxes in this problem. )Tu Corporation is investigating automating a process by purchasing a machine for $423,000 that would have a 9 year useful life and no salvage value.By automating the process,the company would save $112,000 per year in cash operating costs.The new machine would replace some old equipment that would be sold for scrap now,yielding $27,000.The annual depreciation on the new machine would be $47,000.The simple rate of return on the investment is closest to:

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The Answer of (Ignore income taxes in this problem. )Tu Corporation is investigating automating a process by purchasing a machine for $423,000 that would have a 9 year useful life and no salvage value.By automating the process,the company would save $112,000 per year in cash operating costs.The new machine would replace some old equipment that would be sold for scrap now,yielding $27,000.The annual depreciation on the new machine would be $47,000.The simple rate of return on the investment is closest to:

(Ignore Income Taxes in This Problem