Crowl Corporation is investigating automating a process by purchasing a machine for $805,500 that would have a 9 year useful life and no salvage value. By automating the process, the company would save $139,500 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $22,500. The annual depreciation on the new machine would be $89,500. The simple rate of return on the investment is closest to ignore income taxes (Round your answer to 1 decimal place.) 16:51 Multiple Choice 5.39% 5.255 16.85 O 1125