Question: A machine is under consideration that would cost $32,500, save $7,000 per year in cash operating costs, and have an expected life of 13 years

A machine is under consideration that would cost $32,500, save $7,000 per year in cash operating costs, and have an expected life of 13 years with zero salvage value. The simple rate of return is approximately: (Round your answer to 2 decimal places.)

21.54%.

13.85%.

7.69%.

19.54%.

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