Question 14 of 15 < View Policies Current Attempt in Progress -/10 Novak Company is considering investing in a new facility to extract and produce salt. The facility will increase revenues by $232.100, but it will also increase annual expenses by $172,313. The facility will cost $991,000 to build, and it will have a $31,000 salvage value at the end of its useful life. Calculate the annual rate of return on this facility. (Round answer to 2 decimal places, e.g. 52.75.) Annual rate of return %