please answer question completely using multiple choice.

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 $39,500 $ 9,800 $ 0 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.) Multiple Choice 31.8% O 18.1% 26.5% O 12.7%