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Determine the simple rate of return

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Question - Henck Corporation is investigating automating a process by purchasing a new machine for $520,000 that would have a 8 year useful life and no salvage value. By automating the process, the company would save $134,000 per year in cash operating costs. The annual depreciation on the new machine would be $65,000.

Required - Determine the simple rate of return on the investment to the nearest tenth of a percent and the payback period. Show your work!

Reference no: EM132954405

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