Marigold, Inc. is considering purchasing equipment costing $34000 with a 6-year useful life. The equipment will provide annual cost savings of $8270 and will be depreciated straight-line over its useful life with no salvage value. Marigold requires a 10% rate of return. Period 6 15% Present Value of an Annuity of 1 9% 10% 11% 12% 4.486 4.355 4.231 4.111 8% 4.623 3.784 What is the approximate internal rate of return for this investment? O 10% O 9% O 12% 11%