Briar Corporation is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net cash flow of $217,000. The equipment will have an InItial cost of $1,217,000 and an 8 year useful IIfe. The salvage value of the equipment is estimated to be $217,000. Briar's cost of capltal is 6%. (Future Value of $1, Present Value of $1, Future Value Annulty of $1, Present Value Annulty of $1 ) Note: Use appropriate factor from the PV tables. Required: a. What is the accounting rate of return? b. What is the payback perlod? c. What is the net present value? d. What would the net present value be with a 14% cost of capital? e. Based on the NPV calculations, what would be the equipment's Internal rate of return? Complete this question by entering your answers in the tabs below. Based on the NPV calculations, what would be the equipment's internal rate of return? Note: Round your answer to 2 decimal places. Briar Corporation is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net cash flow of $217,000. The equipment will have an InItial cost of $1,217,000 and an 8 year useful IIfe. The salvage value of the equipment is estimated to be $217,000. Briar's cost of capltal is 6%. (Future Value of $1, Present Value of $1, Future Value Annulty of $1, Present Value Annulty of $1 ) Note: Use appropriate factor from the PV tables. Required: a. What is the accounting rate of return? b. What is the payback perlod? c. What is the net present value? d. What would the net present value be with a 14% cost of capital? e. Based on the NPV calculations, what would be the equipment's Internal rate of return? Complete this question by entering your answers in the tabs below. Based on the NPV calculations, what would be the equipment's internal rate of return? Note: Round your answer to 2 decimal places