Sigma Company is considering a new investment that costs $400,000, has an 8 year life and no salvage value. Below is an income statement related to the investments estimated annual revenues and expenses. Sales $ 556,000 Variable Expenses 330,000 Contribution Margin $ 226,000 Fixed Expenses Out of pocket cash expenses $ 86,000 Depreciation 50,000 136,000 Net operating income $ 90,000 The simple rate of return for this investment is closest to: 16.18% 22.50% 10.00% 35.00%