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5 Current Attempt in Progress Tamarisk Oil Company is considering investing in a new oil well. It is expected that the oil well will increase

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Current Attempt in Progress Tamarisk Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $131,925 and will increase annual expenses by $81,000, including depreciation. The oil well will cost $474,000 and will have a $11,000 salvage value at the end of its 10 -year useful life. Calculate the annual rate of return. %

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