Question: I am having trouble figuring out how to work this type of question? new machine cost $320,000 16 years useful life no salvage value new

I am having trouble figuring out how to work this type of question?

new machine cost $320,000

16 years useful life

no salvage value new

machine cost $54,000 per year to operate and maintain

saves $95,000 per year in labor and other costs

old machine can be sold now for scrap for $32,000

The simple rate of return on the new machine is closest to?

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