View Policies Current Attempt in Progress Crane Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $140,250 and will increase annual expenses by $88,000 including depreciation. The oil well will cost $465,000 and will have a $10,000 salvage value at the end of its 10-year useful life. Calculate the annual rate of return. (Round answer to O decimal places, e.g. 13%.) Annual rate of return e Textbook and Media Attempts: 0 of 5 used