Emma Company projects an increase in net income of $24259 each year for the next five years if it invests $117423 in new equipment. The equipment has a five-year life and an estimated salvage value of $7485. What is the annual rate of return on this investment? Round your answer to 2 decimal places. Answer as a percentage. For example, if your calculation is 1056, your answer would be 10.56 Selected Answer: 838.84 Correct Answet: 20.660.01