• $116,560

• Cannot be determined from the given information.

• $126,910

• $120,100

Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): Useful life Yearly net cash inflow Salvage value Internal rate of return Required rate of return 4 years $40,000 14% 10% Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using the tables provided The initial cost of the equipment is closest to