QUESTION 33 3 points Save Answer Assume that a company is considering a $2,500,000 capital investment in a project that would earn net income for each of the next five years as follows: Sales $ 1,900,000 800,000 1,100,000 Variable expenses Contribution margin Fixed expenses: Out-of-pocket operating costs Depreciation Net operating income $ 300,000 400,000 700,000 $ 400,000 The project's simple rate of return is closest to: 18%. 16%. 32%. 24%