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 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:

Multiple Choice

$21\mathrm{.}4\%$

$19\mathrm{.}2\%$

$10\mathrm{.}4\%$

$14\mathrm{.}0\%$