The CFO of The Fun Factory is investigating the possibility of investing in a three$-$dimensional printer that would cost $$25,000.$ The printer would eliminate the need to have prototypes of new toys be produced by a third party. The cost of having the prototypes manufactured by the third party is about $$11,700$ per year. The printer would have a useful life of five years with no salvage value with expected annual operating costs of $$5,000$ per year.

Required:

Compute the simple rate of return on the printer. $($Round your answer to $1$ decimal place.$)$

Simple rate of return

$\%$