Denny Corporation is considering replacing a technologically obsolete machine with a new state-of-the-art numerically controlled machine. The new machine would cost $290,000 and would have a ten-year useful life, Unfortunately, the new machine would have no salvage value. The new machine would cost $48,000 per year to operate and maintain, but would save $89,000 per year in labor and other costs. The old mochine can be soid now for scrap for $29,000. The simple rate of return on the new machine is closest to (ignore income taxes. Mutriple Choice 3069% 460% 920%