Gold Corporation has gathered the following data on a proposed investment project: Amount $280.000 $64 400 Description Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate 10 years $0.00 1025 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 10% B.33% U oo