Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly through a year except for the initial investment. The simple rate of return for the investment (rounded to the nearest tenth of a percent) is: Multiple Choice 22.1% The simple rate of return for the investment (rounded to the nearest tenth of a percent) is: Multiple Choice 22.1% 25.3% 15.7% 11.4%