Multiple Choice Question 103 Pharoah, Inc. is considering purchasing equipment costing $80000 with a 6-year useful life. The equipment will provide annual cost savings of $19460 and will be depreciated straight-line over its useful life with no salvage value. Pharoah requires a 10% rate of return Period 6 8% 4.623 Present Value of an Annuity of 9% 10% 10 12% 4.486 4 .355 4.231 4.111 15% 3.784 What is the approximate internal rate of return for this investment? 12% 10% Id like to show Work for this question: Coen Show Work Question Attempts: 0 of 1 used SUBMIT