View Policies Current Attempt in Progress Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $133,605 and will increase...

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Extracted text: View Policies Current Attempt in Progress Swift Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $133,605 and will increase annual expenses by $90,000 including depreciation. The oil well will cost $450,000 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 O decimal places, e.g. 13%.) Annual rate of return eTextbook and Media Save for Later Attempts: 0 of 4 used Submit Answer