Baber Corporation is planning an investment with the following characteristics: (Ignore income taxes in this problem.) Useful life 7 years $90,000 Yearly net cash inflow Salvage value Internal rate of return Required rate of return $0 11% 7% 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) Muiltinle Choice