A company is considering purchasing factory equipment that costs $$460000$ and is estimated to

have no salvage value at the end of its $5-$year useful life. If the equipment is purchased, annual

revenues are expected to be $$166000$ and annual operating expenses exclusive of depreciation

expense are expected to be $$28000.$ The straight$-$line method of depreciation would be used. If

the equipment is purchased, the annual rate of return expected on this equipment is

$30\mathrm{.}00\%.$

$36\mathrm{.}09\%.$

$20\mathrm{.}00\%.$

$6\mathrm{.}00\%.$

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