Question 1 of 4 2/4 5 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Tyler Company is considering a capital investment of $172,000 for a new machine. The new machine is expected to have a useful life of 5 years with no salvage value. It is estimated that annual revenues would increase by $63,300 during the life of the machine. It is estimated that annual expenses during the life of the machine would increase by $24,342, which does not include annual depreciation. Tyler's minimum acceptable rate of return on projects is 9%. Calculate the annual rate of return on the proposed capital expenditure. (Round answer to 2 decimal places, e.g. 15.25%.) Annual rate of return 2.65 % Should Tyler Company buy the machine? No