X Company currently buys 6,000 units of a part each year from a supplier for $7.80 per part, but it is considering making the part instead. It paid a consulting firm $17,000 to do the make/buy analysis. The consulting firm determined that X Company would have to buy equipment costing $150,000 to make the part. The equipment would last for six years, at which time it would have zero disposal value. The consulting company also estimated that it would cost X Company $14,350 a year to produce the 6,000 units. What is the approximate rate of return if X Company makes the part instead of buying it from the supplier? [Note: Submit 1% as .01, etc.) Submit Answer Tries 0/1