Quayle oil company is considering investing in a new oil

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Quayle Oil Company is considering investing in a new oil well. It is expected that the oil well will increase annual revenues by $131,900 and will increase annual expenses by $42,868 including depreciation. The oil well will cost $505,400 and will have a $212,600 salvage value at the end of its 12-year useful life.
Calculate the annual rate of return.

Reference no: EM13572546

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