Q$-$Daddy, a local country singer$,$ is looking into some new equipment. The cost of the equipment will be $$534,000.$ The equipment will have a life of $7$ years with no salvage value. By purchasing this equipment Q$-$Daddy believes he can increase sales revenue by $$372,000$ per year, but will also have additional expenses of $$215,000$ per year. Although it isn't a cash outflow, he will also have depreciation expense.

Using the numbers above, what is Q$-$Daddy's simple rate of return? $($Round your answer to $1$ decimal place.$)$

Simple rate of return