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Jark Corporation has invested in a machine that cost $75,000, that has a useful life...

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Accounting

Jark Corporation has invested in a machine that cost $75,000, that has a useful life of six 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 four years. Given these data, the simple rate of return on the machine is closest to (Ignore income taxes.): (Round your answer to 1 decimal place.)

A) 5.8%

B) 41.7%

C) 8.3%

D) 4.7%

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