Question: Tu Corporation is investigating automating a process by purchasing a machine for $423,000 that would have a 9 year useful life and no salvage value

Tu is investigating automating a process by purchasing a machine for $423,000 that would have a 9 year useful life and no . By automating the process, the company would save $112,000 per year in cash operating costs. The new machine would replace some old equipment that would be sold for scrap now, yielding $27,000. The annual depreciation on the new machine would be $47,000.
The on this investment is closes to: A. $400,000 B. $80,000 C. $91,600 D. $76,750
The on the investment is closest to:
A. 11% B. 13% C. 15% D. 17%

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