Exercise 11-4 Simple Rate of Return Method [LO11-4] The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $79,000. The machine would replace an old piece of equipment that costs $19,000 per year to operate. The new machine would cost $8,000 per year to operate. The old machine currently in use is fully depreciated and could be sold now for a scrap value of $26,000. 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. Simple rate of return Choose Numerator: 1 Choose Denominator: Simple Rate of Return Annual incremental net operating incomenitial investment Simple rate of return 01%