File Home Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to do H16 fax 2. 48. Salt Company is considering investing in a new facility to extract and produce salt. The facility will increase 3 revenues by $220,000, but it will also increase annual expenses by S160,000. The facility will cost $980,000 to build, and it will have a $20,000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility Revenue Expenses Income Investment Salvage Average Investment Annual Rate 7 $220,000 $160,000 $60,000 $980,000 $20,000 $500,000 w Help Tell me what you want to do 48. Salt Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $220,000, but it will also increase annual expenses by $160,000. The facility will cost $980,000 to build, and it will have a $20,000 salvage value at the end of its useful life. Instructions Calculate the annual rate of return on this facility