Presented below is information related to Swifty Manufacturing Corporation. Asset Cost Estimated Salvage Estimated Life (in years) A $52.200 $6,500 10 B 33,700 4.900 9 35,500 4.000 9 D 19.800 1.600 7 E 24.300 3.000 6 (a) 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 %