Jett Company is considering purchasing a new machine that will cost $360,000. The machine would replace an old piece of equipment that the company currently uses in its operations. The new machine will generate net cash inflows of $50,272 each year during its 15-year expected life and has an estimated $24,000 salvage value at the end of its fifteen year life. The old machine currently in use can be sold for $11,600 if the new machine is purchased. Calculate the accounting rate of return on the new machine. Enter your answer as a whole number