eBook Quron 7 Not complete Print Marked out of 6.00 Prag question Average Rate of Return Clancy Company is considering the purchase of equipment for $105,000. The equipment will expand the company's production and increase revenue by 532.500 per year. Annual cash operating expenses will increase by 58,000. The equipments useful life is 10 years with no salvage value, Clancy uses straight-line depreciation. The income tax rate is 35%. What is the average rate of return on the investment? Do not use negative signs with your answers. Increase in revenue $ Increase in expenses Pretax income from investment Income tax expense Net income from investment Round answer to the nearest whole percentage, if applicable Average rate of return on investment Check