Engles oil company is considering investing in a new oil

Reference no: EM13601255

Engles Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $129,930 and will increase annual expenses by $76,937 including depreciation. The oil well will cost $527,280 and will have a $10,720 salvage value at the end of its 10-year useful life.Calculate the annual rate of return.

Reference no: EM13601255

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