Question: if you could help show how the answer was gotten please Ava Company projects an increase in net income of $55558 each year for the

if you could help show how the answer was gotten please

Ava Company projects an increase in net income of $55558 each year for the next five years if it invests $205808 in new equipment. The equipment has a five-year life and an estimated salvage value of $6490. What is the annual rate of return on this investment? Round your answer to 2 decimal places. Answer as a pereentage. For example, if your calculation is . 1056, your answer would be 10.56

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