Announcements Modules Discussions Question 5 View Policies Current Attempt in Progress Chat Grades Portfolium Concord Oil Company is considering Investing in a new oil well. It is expected that the oil well will increase annual revenues by $128,225 and will increase annual expenses by $85,000 including depreciation. The oil well will cost $446,000 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.8.13%.) Purchase Course Materials ConferZoon Annual rate of return Google Drive Net Tutor eTextbook and Media Wiley Accounting Weekly Updates Save for Later Tartu Attempts:O of 3 used Submit