The management of Han Corporation is considering a project that would require an investment of $400,000 and would last for 8 years. The annual net operating income from the project would be $110,000, which includes depreciation of $43,000. The salvage value of the project's assets at the end of the project would be zero. The simple rate of return for the project is closest to: a. 36.3% b. 16.8% O C. 27.5% d. 38.3%