Question: please solve correctly & clearly or else i'll downvote! a Olive Corp. is considering the purchase of a new plece of equipment. The cost savings

please solve correctly & clearly or else i'll downvote!
please solve correctly & clearly or else i'll downvote! a Olive Corp.

a Olive Corp. is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $252.800. The equipment will have an initial cost of $1,304,200 and have an 8-year life. There is no salvage value for the equipment. If the hurdle rate is 10%, what is the internal rate of return? Ignore income taxes. (Future Value of $1. Present Value of $1. Future Value Annulty of $1. Present Value Annulty of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount) Multiple Choice Between 6% and 8% Between 8% and 10% Greater than 10% less than zero

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