Blossom Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $$120,215$ and will increase annual expenses by $$65,000$ including depreciation. The oil well will cost $$400,000$ and will have a $$9,000$ salvage value at the end of its $10-$year useful life. Calculate the annual rate of return.

$($Round answer to $0$ decimal places, e$.$g$.13\%.)$

Annual rate of return $\%$