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CurrentequipmentCurrentsalesvalueFinalsalesvalueOperatingcostsNewequipmentPurchasecostFinalsalesvalue$14,0002,65063,040$164,0002,65031,470 The current and new equipment will last for 6 years. If X Company replaces the current equipment, what is the approximate internal rate of

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CurrentequipmentCurrentsalesvalueFinalsalesvalueOperatingcostsNewequipmentPurchasecostFinalsalesvalue$14,0002,65063,040$164,0002,65031,470 The current and new equipment will last for 6 years. If X Company replaces the current equipment, what is the approximate internal rate of A: 0.03 B: 0.04 C: 0.05 D: 0.06 E:0.07 F:0.08

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