Gold Corporation has gathered the following data on a proposed investment project: Amount $280,000 Description Investment in depreciable equipme nt Annual net cash flows Life of the equipment Salvage value Discount rate $64,400 10 years $0.00 1006 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 on the investment would be: 1096 OA 3396 OB. 1396 OC. 2396