ramson corporation is considering purchasing a machine that would cost $735,120 and have a useful life of 10 years. the machine would reduce cash operating costs by $102,100 per year. the machine would have a salvage value of $107,310 at the end of the project. (ignore income taxes.) required: a. compute the payback period for the machine. (round your answer to 2 decimal places.) b. compute the simple rate of return for the machine. (round your intermediate calculations to nearest whole dollar and your final answer to 2 decimal places.)
