View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Tyler Company is considering a capital investment of $155,000 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 $66,000 during the life of the machine. It is estimated that annual expenses during the life of the machine would increase by $29.885, 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%.) 3.30 Annual rate of return % Should Tyler Company buy the machine? Yes e Textbook and Media Save for Later Attempts: 1 of 2 used Submit