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Swifty, Inc. is considering purchasing equipment costing $32000 witha 6 -year useful life. The equipment will provide annual cost savings of $7784 and will be

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Swifty, Inc. is considering purchasing equipment costing $32000 witha 6 -year useful life. The equipment will provide annual cost savings of $7784 and will be depreciated straight-line over its useful life with no salvage value. Swifty requires a 10% rate of return. What is the approximate internal rate of return for this investment? 115 12 10sin 9%

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