connecthtml Help Sove & Exit Su Saved 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 Required rate of return 31,000 s 6,400 0 15 years 10% The company uses straight-line depreciation on all equipment Assume cash flows occur uniformly throughout a year except for the initial investment The simple rate of return for the investment (rounded to the nearest tenth of a percent is Multiple Choice