17) Crowl Corporation is investigating automating a process by purchasing a machine for $794,700 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $133,500 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $21,300. The annual depreciation on the new machine would be $88,300. The simple rate of return on the investment is closest to (Ignore income taxes.):

17) Crowl Corporation is investigating automating a process by purchasing a machine for $794,700 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $133,500 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $21,300. The annual depreciation on the new machine would be $88,300. The simple rate of return on the investment is closest to (Ignore income taxes.):

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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