The management of ro corporation is investigating automating a process. old equipment, with a current salvage value of $11,000, would be replaced by a new machine. the new machine would be purchased for $243,000 and would have a 9 year useful life and no salvage value. by automating the process, the company would save $69,000 per year in cash operating costs. the simple rate of return on the investment is closest to (ignore income taxes.): multiple choice a. 18.1% b. 11.1% c. 28.4% d. 17.3%

The simple rate of return on the investment is closest to a. 18.1%

Explanation:

Assuming that the company uses straight-line depreciation method, Depreciation Expense per year is calculated by following formula:

Depreciation Expense = (Cost of machine − Salvage Value)/Useful Life  = ($243,000 - 0)/9 = $27,000

If Ro Corporation uses the new machine, the company would save $69,000 per year in cash operating costs. Net income from the machine per year = $69,000 - $27,000 = $42,000

Total investment on the machine = $243,000 - $11,000 = $232,000

Return on investment (ROI) = Net income/Total investment  x 100% = $42,000/$232,000 x 100% = 18.1%

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the answer is d

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