Joetz. Corporation has gothered 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 $32,500 $ 7,000 $ 15 years 18% encos The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment The internal roto of return of the investment is closest to: Multiple Choice o 22 20% 189 Multiple Choice 22% 20% 18% 24%