A company projects an increase in net income of $$148500$ each year for the next five years if it invests $$900000$ in new equipment. The equipment has a $5-$year life and an estimated salvage value of $$300000.$ What is the annual rate of return on this investment?

$24\mathrm{.}8\%$

$16\mathrm{.}5\%$

$33\mathrm{.}4\%$

$30\mathrm{.}0\%$