Breakeven cash inflows The Sleek Ring Company, a leading producer of fine cast silver jewelry, is considering the purchase of new casting equipment that will allow it to expand its product line. The up-front cost of the equipment is $689,000. The company expects that the equipment will produce steady income throughout its 13-year life. a. If Sleek Ring requires a 9% return on its investment, what minimum yearly cash inflow will be necessary for the company to go forward with this project? b. How would the minimum yearly cash inflow change if the company required a 12% return on its investment? a. If Sleek Ring requires a 9% return on its investment, the minimum yearly cash inflow will be $ nearest cent.) (Round to the Enter your answer in the answer box and then click Check