Oriole Oil Company is considering investing int new oil well. It is expected that the oil well will increase annual revenues by $$120,660$ and will increase annual expenses by $$65,000$ including depreciation. The oil well will cost $$496,000$ and will have a $$10,000$ salvage value at the end of its $10-$year useful life. Calculate the annual rate of return. $($Round answer to $0$ decinal places, eg$.13\%)$

Annual rate of return $\%$