Vaughn Company is considering a capital investment of \\( \\$ 174,000 \\) 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 \\( \\$ 60,300 \\) during the life of the machine. It is estimated that annual expenses during the life of the machine would increase by \\( \\$ 21,063 \\), which does not include annual depreciation. Vaughn uses the straight-line method of depreciation. Vaughn'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 \ Should Vaughn Company buy the machine