Please do not give solution in image format thanku Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.):Investment required in equipmentAnnual cash inflowsSalvage value of equipmentLife of the investmentRequired rate of returnMultiple ChoiceThe company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for theinitial investment.OThe simple rate of return for the investment (rounded to the nearest tenth of a percent) is:O20.0%13.3%$ 30,000$ 6,00018.0%$010.0%15 years10%

The incremental net income anticipated from a potential investment opportunity, divided by the…

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment Annual cash inflows. Salvage value of equipment Life of the investment Required rate of return The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for th initial investment. Multiple Choice The simple rate of return for the investment (rounded to the nearest tenth of a percent) is: O O 13.3% $ 30,000 $ 6,000 $0 18.0% 15 years 10% 10.0%