Darrin Corp is considering a proposal to purchase a new piece of equipment. The cost of the equipment is 16,611/. The equipment is estimated to provide an annual cash flow of 3,000 for the next time. The company has a required rate of return of 15%. Calculate the internal rate of return( IRR), and interpret the results. Use the present value of an annuity table. Since the cash flies are evenly distributed the proposal should be accepted Since the IRR is greater than the required rate of return the proposal should be accepted Since the capital investment is higher than 15,000 the proposal should be rejected Since the IRR is lesser than the required rate of return the proposal should be rejected