Exercise 11-9 Presented below is information related to Crane Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) A $48,195 $6,545 10 B 39,984 5,712 9 C 42,840 4,284 9 D 22,610 1,785 7 E 27,965 2,975 6 Compute the rate of depreciation per year to be applied to the plant assets under the composite method. (Round answer to 2 decimal place, e.g. 4.83%.) Composite rate %