Sales Sigma Company is considering a new investment that costs $246,000, has a 6 year life and no salvage valut. Below is an income statement related to the investment's estimated annual revenues and expenses $ 556,000 Variable Expenses 245.000 Contribution Margin $ 311,000 Fixed Expenses Out of pocket cash expenses $195.000 Depreciation 41.000 236.000 Net operating income $75,000 The simple rate of return for this investment is closest to: 30.49% 13.82% 20.86% 47 155