A company is considering purchasing a machine that costs $$352000$ and is estimated to have

no salvage value at the end of its $8-$year useful life. If the machine is purchased, annual

revenues are expected to be $$90000$ and annual operating expenses exclusive of depreciation

expense are expected to be $$38000.$ The straight$-$line method of depreciation would be used.

If the machine is purchased, the expected annual rate of return on this machine is