X Company must decide whether to continue using its current equipment or replace it with new, more efficient equipment. The following information is available for the current and new equipment: $20,000 2,860 67,790 Current equipment Current sales value Final sales value Operating costs New equipment Purchase cost Final sales value Operating cost savings $170,000 2,860 28,615 The current and new equipment will last for 6 years. If X Company replaces the current equipment, what is the approximate internal rate of return? OA: 0.03|OB: 0.04| OC: 0.05| OD: 0.06|OE: 0.07 OF: 0.08 i Tries 0/99