Jett Company is considering the purchase of a new machine that will cost $130,000. 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 $24,255 each year during its 15-year useful life and has a $7,000 salvage value at the end of the 15 years. The old machine currently in use can be sold for $6,500 if the new machine is purchased. Calculate the accounting rate of return on the new machine. Enter your answer as a whole number (i.e., 6). Do not enter your answer as a decimal (i.e., .06) or as a percentage (i.e., 6%).