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VICTOCIOS Current Attempt in Progress Splish Brothers, Inc. is considering purchasing equipment costing $76000 with a 6 year useful life. The equipment will provide annual cost savings of $18487 and will be depreciated straight line over its useful life with no salvage value. Splish Brothers requires a 10% rate of return. Present Value of an Annuity of 1 Period 8% 9% 10% 11% 12% 15% 6 4,623 4.486 1,355 1.231 4111 3.784 What is the approximate internal rate of return for this investment? 11% 10% 1295 9%