Byron 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 $101,400. The equipment will have an initial cost of $402100 and a 5-year useful life. The salvage value of the equipment is estimated to be $76,400. If Byron's 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 Volue Annuity of \$1) Note: Use the appropriate factors from the PV tables. Multiple Choice Between 6% and 8% Between 12% and 14% Between 10% and 12% Between 8% and 10% Byron 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 $101,400. The equipment will have an initial cost of $402100 and a 5-year useful life. The salvage value of the equipment is estimated to be $76,400. If Byron's 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 Volue Annuity of \$1) Note: Use the appropriate factors from the PV tables. Multiple Choice Between 6% and 8% Between 12% and 14% Between 10% and 12% Between 8% and 10%