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(Ignore income taxes in this problem.) Crowl Corporation is investigating automating a process by purchasing a machine for $792,000 that would have a 9 year useful life and no salvage value.By automating the process,the company would save $132,000 per year in cash operating costs.The new machine would replace some old equipment that would be sold for scrap now,yielding $21,000.The annual depreciation on the new machine would be $88,000.The simple rate of return on the investment is closest to:
American West
The American West refers to the region of the United States located west of the Mississippi River, characterized by its unique historical development, culture, and landscape.
Labor
The utilization of human physical and mental efforts towards the creation of services and products.
Land
The natural resource encompassing the earth's surface, not including water or buildings.
Agriculture Sales
The trading of products and services related to farming and other agricultural activities.
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