Previous Page Next Page Page 15 of 30 Question 15 (1.33 points) (Ignore income taxes in this problem.) Goobers Organization is contemplating purchasing equipment that would increase sales revenues by $478,000 per year and cash operating expenses by $249,000 per year. The equipment would cost $738,000 and have a 9 year life with no salvage value. The annual depreciation would be $82,000. The simple rate of return on the investment is closest to: OA) 11.1% OB) 19.9% OC) 31.0% OD) 30.8% Previous Page Next Page Page 15 of 30