Average rate of return-new product Oahu Inc is dering an investment in new equipment that will be used to manufacture a smartphone. The phone is expected to generate addal anel of 7.100 units at 204 per unit. The who 783,400, residual value of $59,600, and an 8-year life. The equipment can only be used to manufacture the phone. The cast to manufacture the shine flows Cost per Direct labor Direct mater Factory overhead Oncluding depreciation) Tital cost per w $43.00 168.00 20.40 $239.40 Determine the average rate of retum en the equipment. If required, round to the nearest whole percent.