Ayayai Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $221,100, but it will also increase annual expenses by $161,481. The facility will cost $981,000 to build, and it will have a $21,000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility. (Round answer to 2 decimal places, e.g. 52.75.) Annual rate of return enter the annual rate of return in percentages rounded to 2 decimal places %

View Policies Current Attempt in Progress Ayayai Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $221,100, but it will also increase annual expenses by $161,481. The facility will cost $981,000 to build, and it will have a $21,000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility. (Round answer to 2 decimal places, e.g. 52.75.) An ual rate of return %