5 pts Question 15 Turn on Your Lovelight Electric Company is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an increase in net income after tax of $200,000. The equipment will have an initial cost of $1,000,000 and have an 8 year life. If there is no salvage value of the equipment, what is the simple rate of return? 0 25% 0 20% 0 37% 0 32.5%