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Bau Long - Haul, Inc., is considering the purchase of a tractor - trailer that would cost $ 3 6 1 , 6 5 6

Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $361,656, would have a useful life of 7 years, and would have no salvage value. The tractor-trailer would be used in the company's hauling business, resulting in additional net cash inflows of $59,000 per year. The simple rate of return on the investment in the tractor-trailer is closest to (Ignore income taxes.):
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