Average Rate of Return Lakeland Company is considering the purchase of equipment for $155.000, The equipment will expand the Company's production and intresse revenue by $42.500 per year. Annual cash operating expenses will increase try 10.000. The equipment life is 10 years with no se value Lakeland 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 0 Pretax income from investment 0 Income tax expense 0 Net income from investment $ 0 Round answer to the nearest whole percentage, if applicable. Average rate of return on investment 0 96 Check Previous Save Answers