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The CFO of The Fun Factory is investigating the possibility of investing in...

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Accounting

The CFO of The Fun Factory is investigating the possibility of investing in a three-dimensional printer that would cost $25,000. The printer would eliminate the need to have prototypes of new toys be produced by a third party. The cost of having the prototypes manufactured by the third party is about $11,700 per year. The printer would have a useful life of five years with no salvage value with expected annual operating costs of $5,000 per year.
Required:
Compute the simple rate of return on the printer. (Round your answer to 1 decimal place.)
Simple rate of return
%
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