CurrentequipmentCurrentsalesvalueFinalsalesvalueOperatingcostsNewequipmentPurchasecostFinalsalesvalueOperatingcosts$10,0002,39061,990$160,0002,39030,520 The current and new equipment will last for 6 years. If X Company replaces the current equipment, what is the approximate internal rate of return? \begin{tabular}{|c|c|c|c|c|c|} \hline A: 0.03 & B: 0.04 & C:0.05 & D: 0.06 & E: 0.07 & F: 0.08 \\ \hline \hline \end{tabular} Submit Answer Tries 0/99