Weekly Assignment 8 Question 7 of 10<> 0//1-= Marigold, Inc, is considering purchasing equipment costing $22000 with a 7-year useful life. The equipment will provide cost saving; of $5300 and will be depreciated straight-line over its useful life with no salvage value. Marigold inc, requires a 12% rote of return. What is the aporoximate internal rate of return for this investment? Present Value of an Annuity of 1 10% 11% 12% 13% 14% 17%_