Stainless Corporation has gathered the following data on a proposed investment project: Description Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value...

Stainless Corporation has gathered the following data on a proposed investment project: Description Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate Amount $359,000 $75,400 10 years $0.00 10% 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 would be: A. 11% B. 21% C.31% D. 10%