CALCULATOR FULL SCREEN PRINTER VERSION BACK Question 24 A company projects an increase in net income of $193500 each year for the next five years if it invests $900000 in new equipment. The equipment has a 5-year life and an estimated salvage value of $300000. What is the annual rate of return on this investment? o 30.0% 30.4% 21.5% 32.3% Open Show Work Click if you would like to Show Work for this question: SUBMI Question Attempts: 0 of 1 used SAVE FOR LATER :34 PM