Question: please solve, will upvote Ramson Corporation is considering purchasing a machine that would cost $451,260 and have a useful life of 6 years. The machine

please solve, will upvote

Ramson Corporation is considering purchasing a machine that would cost $451,260 and have a useful life of 6 years. The machine would reduce cash operating costs by $98,100 per year. The machine would have a salvage value of $107,270 at the end of the project. (lgnore income taxes.) Required: a. Compute the payback period for the machine. (Round your answer to 2 decimal places.) b. Compute the simple rate of return for the machine. (Round your intermediate calculations to nearest whole dollar and your final answer to 2 decimal places.)

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