Weygandt, Managerial Accounting, 8e Help System Announcements CALCULATOR PRINTER VERSION BACK NEX Brief Exercise 12-9 X Your answer is incorrect. Try again. Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $130,000 and will increase annual expenses by $70,000 including depreciation. The oil well will cost $490,000 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 Click if you would like to Show Work for this question: Open Show Work