Calculate the annual rate of return. (Round answer to 2 decimal places, e.g. 15.25\%.) Annual rate of return % eTextbook and Media Current Attempt in Progress Wildhorse Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Depreciation is $10,030 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,800