Average Rate of Return Clancy Company is considering the purchase of equipment for $100,000. The equipment will expand the company's production and increase revenue by $30,000 per year. Annual cash operating expenses will increase by $8,000. The equipment's useful life is 10 years with no salvage value. Clancy uses straight-line depreciation. The income tax rate is 35%. What is the average rate of return on the investment? Do not use negative signs with your answers. Increase in revenue Increase in expenses Pretax income from investment $ 0 0 0 0 0 Income tax expense Net income from investment $ Round answer to the nearest whole percentage, if applicable. Average rate of return on investment 0 %