Question 7 of 10 < > You've completed all of the work in this assignment. 1/1 Your answer is correct Swifty, Inc. is considering purchasing equipment costing $21000 with a 7-year useful life. The equipment will provide cost savings of $4600 and will be depreciated straight-line over its useful life with no salvage value. Swifty Inc. requires a 10% rate of return. What is the approximate internal rate of return for this investment? Present Value of an Annuity of 1 Period 8% 9% 10% 11% 12% 15% 7 5.206 5.033 4.868 4.712 4.564 4.160 9% 10% 11% 12% eTextbook and Media Solution Attempts: 1 of 3 used