Byron Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $100,400. The equipment will have an initial cost of $400,600 and have a 5-year life. The salvage value of the equipment is estimated to be $75,400. If the hurdle rate is 10% what is the internal rate of return? (Future Value of $1. Present Value of $1. Future Value Annulty of $1. Prezent Value Anulty.ot 81) (Use appropriate factor from the PV tables, Round your final answer to the nearest dollar amount)