Z Corporation is investigating purchasing equipment that would increase sales revenues by $82540 per year and cash operating expenses by $26186 per year. The equipment would cost $115953 and have a 5 year life with no salvage value. Compute the simple rate of return on the investment. Round your answer to 2 decimal places THEN enter as a percent without the sign i.e. 0.454 would be 45. Hint: simple rate of return is based on Net Income NOT cash flows so you will need to first compute Net Income which deducts ALL expenses not just cash. See study guide.