X Company must decide whether to continue using its current equipment or replace it with new, more efficient equipment. The following information is available for the current and new equipment: $16,000 2,780 64,930 Current equipment Current sales value Final sales value Operating costs New equipment Purchase cost Final sales value Operating cost savings $ 166,000 2,780 29,550 The current and new equipment will last for 6 years. If X Company replaces the current equipment, what is the approximate internal rate of return? A Tries 0/3