Question 25 3 pts Assume that a company is considering purchasing a new piece of equipment for $240,000 that would have a useful life of 10 years and no salvage value. The new equipment would cost $20,000 per year to operate and it would replace an old piece of equipment that costs $60,000 per year to operate. The old equipment currently being used could be sold for a salvage value of $40,000. What is the amount of the initial investment associated with this proposal that should be used for calculating the simple rate of return? O $200,000. $240,000. $180,000. $220,000.