Check my work Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment $38,000 $ 9,200 $ 15 years 106 Required rate of return The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The internal rate of return of the investment is closest to: Multiple Choice O 25% 23% 21%