Newport Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The equipment will have an initial cost of $900,000 and have a 6 year life. There is no salvage value for the equipment. What is the simple rate of return? Ignore income taxes. Group of answer choices 5.56% 16.67% 22.22% 44.44%