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CurrentequipmentCurrentsalesvalueFinalsalesvalueOperatingcostsNewequipmentPurchasecostFinalsalesvalueOperatingcosts$18,0002,39061,010$168,0002,39030,500 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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CurrentequipmentCurrentsalesvalueFinalsalesvalueOperatingcostsNewequipmentPurchasecostFinalsalesvalueOperatingcosts$18,0002,39061,010$168,0002,39030,500 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? A: 0.03 B: 0.04 C: 0.05 D: 0.06 E: 0.07 F: 0.08

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