Asume that you are thinking about starting your own small but you have made the following estimates 3 opportunity - You can rent a location for your business at a cost of $36.000 per year - The equipment costs incurred to start the business would total $250,000. The equipment would have a 5 year useful te and a salvage value of $25,000 - Your company's estimated sales per year would equal $350,000 and its vartable cost of goods sold would be 30% of sales Other operating costs would include $67,000 per year in salaries, 54,000 per year for insurance, 525,000 per year for utilities, and a 3% sales commission The simple rate of return for this investment opportunity is closest to Multiple Choice 12.19