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Business, 29.07.2019 22:10 xaniawashington

Swift oil company is considering investing in a new oil well. it is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $70,000 including depreciation. the oil well will cost $490,000 and will have a $10,000 salvage value at the end of its 10-year useful life. calculate the annual rate of return. (round answer to 2 decimal places, e. g. 12.47.)

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