Q12/12

Whispering Winds Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $238,700, but it will also increase annual expenses by $178,728. The facility will cost $997,000 to build, and it will have a $37,000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility. (Round answer to 2 decimal places, eg. 52.75.) Annual rate of return %