Joetz Corporation Has Gathered the Following Data on a Proposed

question 70

Multiple Choice

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.) : 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 for the investment (rounded to the nearest tenth of a percent) is: (Round your answer to 1 decimal place.)

• A) 32.4%
• B) 18.3%
• C) 26.8%
• D) 12.8%