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Brief Exercise 27-09 Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues

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Brief Exercise 27-09 Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $125,985 and will increase annual expenses by $78,000 including depreciation. The oil well will cost $447,000 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 o decimal places, e.g. 13%.) Annual rate of return % Click if you would like to Show Work for this question: Open Show Work

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