2.00 points Exercise 11-4 Simple Rate of Return Method [LO11-4) The management of Ballard MicroBrew is considering the purchase of an automated botting machine for $74,000. The machine would replace an old piece of equipment that costs $19,000 per year to operate. The new machine would cost $9,000 per year to operate. The old machine currently in use is fully depreciated and could be sold now for a scrap value of $31.000. The new machine would have a useful life of 10 years with no salvage value. Required Compute the simple rate of return on the new automated bottling machine. Sim irn Choose Numerator: Choose DenominatorSimple Rate of Return