View Policies Show Attempt History Current Attempt in Progress Splish Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Depreciation is $10,190 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,600. - Your answer is incorrect. Calculate the annual rate of return. (Round answer to 2 decimal places, e.g. 15.25\%.) Annual rate of return % eTextbook and Media