Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.) Investment required in equipment $ 34,500 Annual cash inflows $ 7,800 Salvage value of equipment $ 0 Life of the investment 15 years Required rate of return 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: (Round your answer to 1 decimal place.) Multiple Choice 11.5% 15.9% 22.5% 25.9% Katun Industries makes heavy construction equipment. The standard for a particular crane cals for 24 orect later hours at $16 per rectibor hour During a recent period 1500 cranes were made the labor ciency variance was $5.600 Unfavorable How many actual direct labor hours were word? Murple Choice 16.000 de labor 4.600 director O deco o 34.500 de labor