Sigma Company is considering a new investment that costs $246,000, has a 6 year life and no salvage value. Below is an income statement related to the investment's estimated annual revenues and expenses. $ 556000 245.000 $ 311.000 Sales Variable Expenses Contribution Margin Fixed Expenses Out of pocket cash expenses $195.000 Depreciation 41.000 Net operating income The simple rate of return for this investment is closest to 236.000 $ 75.000 47.15% 20.86% 13.82% 30.49%