Question: Need answer very fast!! Will rate quickly!! Newport Corp. is considering the purchase ofa new piece of equipment. The cost savings from the equipment would

Need answer very fast!! Will rate quickly!!

Newport Corp. is considering the purchase ofa new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $202,800. The equipment will have an initial cost of $904,200 and have a 6-year life. There is no salvage value for the equipment. lfthe hurdle rate is 10%, what is the internal rate of return? Ignore income taxes. (Future Value of $1. Present Value of $1, Future Value Annuity of $1, Present Value Annuity of 51.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice 0 Between 6% and 8% Between 8% and 10% less than zero 0 Between 10% and12%

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