value 2.75 points TB MC Qu. 08-99 (Ignore income taxes in this problem.) Overland Corporation... Ignore income taxes in this problem.) Overland Corporation has gathered the following data on a proposed investment project: $440,000 $ 77,000 Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return 20 years 13 % The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The simple rate of return on the investment is: (Round your answer to the nearest interest rate.) 13% OOO