Chrome File Edit View History Bookmarks Profiles Tab Window Help .e. Question 19 - Proctoring ! x Background the backgrow C D getproctorio.com/secured#lockdown Login hems & Proctoring Enabled: Exam #2 - Ch 7-12 (mc)_. Saved Help Save & Exit Submit 21 Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $ 30, 000 Annual cash inflows $ 6,000 Salvage value of equipment $ 0 8 00:48:41 Life of the investment 15 years Required rate of return 10% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the Initial Investment. O The simple rate of return for the Investment (rounded to the nearest tenth of a percent) is: 100% Multiple Choice O 20.0% O 13.3% Google Chrome