The management at Nickel Corporation is investigating purchasing equipment that would increase sales revenues by $378,000 per year and cash operating expenses by $257,000 per year. The equipment would cost $300,000 and have a 10 year life with no salvage value. Nickel Corporation uses straight-line depreciation for all fixed assets. The simple rate of return on the investment is closest to (ignore income taxes): 40.33% A. 30.33% B. 50.33% C. 24.07% D