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Swift Oil Company is considering Investing in a new oil well. It is expected that the oil well will increase annual revenues by $120.215 and

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Swift Oil Company is considering Investing in a new oil well. It is expected that the oil well will increase annual revenues by $120.215 and will increase annual expenses by $65,000 including depreciation. The oil well will cost $400,000 and will have a $9,000 salvage value at the end of its 10-year useful se calculate the annual rate of retom (Round answer to decimal places 6.0.13%) Annual rate of return LINK TO TEXE

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