Sandhill Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $131,925 and will increase annual expenses by $81,000 including depreciation. The oil well will cost $474,000 and will have a $11,000 salvage value at the end of its 10-year useful life. Calculate the annual rate of return. (Round answer to 0 decimal places, e.g. 13\%.) Annual rate of return % eTextbook and Media