1. Morricone, Inc. is considering a capital investment (equipment) costing $75,000 with a 6-year useful life, and equal annual cash flows. The equipment has a net present value, $2,198, calculated at 10%. Use the following table: Present Value of an Annuity of 1 Years 8% 9% 10% 11% 12% 14% 6 4.623 4.486 4.355 4.231 4.111 3.889 a) Calculate the Present Value Factor for an Annuity for this investment. b) Determine the Internal Rate of Return (IRR) of this investment