Candy, Inc. is considering the installation of a new sugar delivery mechanism that costs $145,000. This mechanism is expected to save them $32,000 per year in labor costs for the next 15 years. Maintenance costs are expected to average $8,000 per year. Use straight-line depreciation and assume $0 salvage value. The total income tax rate is 34% (federal, state, and municipal). What is the after-tax rate of return for this mechanism? Give rate of return in percent to 3 decimal places like 8.766% or 25.879%