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 Required rate of returrn $36,000 $ 8,400 15 years 10% The company uses straight-line depreclation on all equipment. Assume cash flows occur uniformly throughout a year except for the Initial Investment Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factors) using the tables provided. The Internal rate of return of the Investment is closest to: Multiple Cholce 20% 22%