Gold Corporation has gathered the following data on a proposed investment project: Description Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate Amount $318,000 $69,960 10 years $0.00 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 on the investment would be: A 22% D. 10%