3. The Quick Response Company is considering the purchase of a piece of machinery that will significantly reduce the amount of time required to switch from the production of one of the company's products to another. The machine has a useful life of five years. It would result in a net cash outflow (after consideration of tax effects) of $100,000, immediately followed by net cash inflows (after tax) from increased sales of $28,000 in each of the next five years. Is the equipment attractive if the company has adopted a hurdle rate of 10%? 12%? 14%? What is the internal rate of return