2 Corporation is investigaling purchasing oquipment that would increase sales revenues by $64213 per year and cash operating expenses by $27761 per year. The ocuipment would cost $115049 and have a 5 year life with no salvage value. Compute the simple rate of return on the investinent. Round your answer to 2 decimal places THEN enter as a percent without the sign i.e. 0.454 would be 45 , Hint: simple rate of return is based on Net income NOT cash fows so you will need fo first compute Net fncome which deducts AlL expenses not just cash. See study guido