Business, 04.04.2021 22:50, savannahvargas512

Hinck Corporation is investigating automating a process by purchasing a new machine for $520,000 that would have an eight-year useful life and no salvage value. By automating the process, the company would save $134,000 per year in cash operating costs. The company’s current equipment would be sold for scrap now, yielding $22,000. The annual depreciation on the new machine would be $65,000. What’s the simple rate of return on the investment to the nearest tenth of a percent? Ignore income taxes in this problem.

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Hinck Corporation is investigating automating a process by purchasing a new machine for $520,000 tha...