Business
Business, 01.12.2021 03:20, sumansmith5288

Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $121,400 and will increase annual expenses by $83,000 including depreciation. The oil well will cost $471,000 and will have a $9,000 salvage value at the end of its 10-year useful life. Calculate the annual rate of return. (Round answer to 0 decimal places, e. g. 13%.) Annual rate of return enter the Annual rate of return in percentages rounded to 0 decimal places %

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