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 return $38,500 $ 9,4ee $ 15 years 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.) Muhiple Choice 25.8% 25.8% 30.79 178% 12.5%