12. (Ignore income taxes in this problem.) Jason Corporation has invested in a machine that...
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12. (Ignore income taxes in this problem.) Jason Corporation has invested in a machine that cost $51,000, that has a useful life of fifteen years, and that has no salvage value at the end of its useful life. The machine is being depreciated by the straight-line method, based on its useful life. It will have a payback period of eight years. Given these data, the simple rate of return on the machine is closest to:
5.8%
19.2%
3.3%
2.2%
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