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13. help asap! thanks Oriole Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual

13. help asap! thanks image text in transcribed
Oriole Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $140,120 and will increase annual expenses by $66,000 including depreciation. The oil well will cost $427,000 and will have $9,000 salvage value at the end of its 10 -year useful life. Calculate the annual rate of return. (Round answer to 0 decimal places, e.s. 13\%.) Annual rate of return \%

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