Byron Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net cash flow of $103,600. The equipment will have an initial cost of $405,400 and a 5-year useful life. The salvage value of the equipment is estimated to be $78,600. If Byrons cost of capital is 10%, what is the internal rate of return? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) Note: Use the appropriate factors from the PV tables