Baber Corporation is planning an investment with the following characteristics: (Ignore income taxes in this problem.) Useful life 7 years $60,000 Yearly net cash inflow Salvage value $0 4 Internal rate of return 14% Required rate of return 10% Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables. The initial cost of the equipment is closest to: (Round discount factor(s) to 3 decimal places) Multiple Choice $360,100 $257,280 $267,630 Cannot be determined from the given information