Average Rate of ReturnLakeland Company is considering the purchase of equipment for $$143,000.$ The equipment will expand the Company's production and increase revenue by $$36,000$ per year. Annual cash operating expenses will increase by $$10,000.$ The equipment's useful life is $10$ years with no salvage 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 revenueIncrease in expensesPretax income from investmentIncome tax expenseNet income from investmentRound answer to the nearest whole percentage, if applicable.Average rate of return on investmentAnswer$\%$