Emma Company projects an increase in net income of $$28,717$ each year for the next five years if it invests

$$104,864$ in new equipment. The equipment has a five$-$year life and an estimated salvage value of $$7,292.$

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 $\mathrm{.}1056,$ your

answer would be $10\mathrm{.}56$