Whispering Winds 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 $10,120 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. 8 Your answer is incorrect. Calculate the annual rate of return. (Round answer to 2 decimal places, es 15.25\%) Annual rate of return eTextbook and Media Solution Last saved 1 hour ago. Attempts: 3 of 4 used Ssved work wiff be auto-submitted on the due date Auto- submission can take up to 10 minutes. (c) The parts of this question must be completed in order. This part will be wallable when you complete the part above. (d) The purts of this question must be comploted in order. Thas partwoil be wal able when you comolete thi part a sove