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

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Current Attempt in Progress Crane Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $120,690 and will increase annual expenses by $68.000 including depreciation. The oil well will cost $460.000 and will have a $11.000 salvage value at the end of its 10-year useful life Calculate the annual rate of return. (Round answer to O decimal places, 11.8.13% Annual rate of return e Textbook and Media Save forlater Attempts: 0 of 3 used Submit Amwy Crane Company accumulates the following data concerning a proposed capital investment cash cost $204.900, net annual cash flows $35,000, and present value factor of cash inflows for 10 years is 6.14 rounded) (if the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses ey (451) Determine the nel present value, and indicate whether the investment should be made. Net present value $ The investment be made

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