Athena Aviation manufactures flight simulators to train new pilots. Athena is debating the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $201400. The equipment will have an initial cost of $902.100 and have a 6-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 Annuity of 51. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice Between 6% and 8% O Between 8% and 10% O Between 10% and 12% O less than zero O Hawk Sporting Goods is a manufacturer of falconry equipment Hawk is analyzing the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $215,000. The equipment will have an initial cost of $977,000 and have a 6-year life. There is no salvage value for the equipment. If the hurdle rate is 8%, what is the approximate net present value? Ignore income taxes. (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice $993,924 o ooo 5977,000 $325,567