19 5 points Sigma Company is considering a new investment that costs $700,000, has a 10 year life and no salvage value. Below is an income statement related to the investment's estimated annual revenues and expenses. Sales $ 515,000 Variable Expenses 230,000 Contribution Margin $285,000 Fixed Expenses Out of pocket cash expenses $ 125,000 Depreciation 70,000 195.000 Net operating income $ 90,000 The simple rate of return for this investment is closest to: 0 12.86% 2.86% O 17.48% 22.86% Next Previous