Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $281,656, 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.):

18%

21%

27%

16%