Question 9 Concord, Inc. is considering purchasing equipment costing $36000 with a 6-year useful life. The equipment will provide annual cost savings of $8757 and will be depreciated straight-line over its useful life with no salvage value. Concord requires a 10% rate of return. Present Value of an annuty of Period 8% 9% 10% 11% 125 15% 5 4.623 4.486 4 .355 4231 4.111 3.714 What is the approximate internal rate of return for this investment? O 100% O9% O 12% Study Click if you would like to show Work for this question Open Show Work Question Attempts of used BUTANTER