Check my work 1 Rooney Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the company's cash outflow for operating expenses by $1271000 per year. The cost of the equipment is 56,313,870 44. Rooney expects it to have a 8-year useful life and a zero salvage value. The company has established an investment opportunity hurdle rate of 15 percent and uses the straight line method for depreciation (PV of S1 and PVA of S1 (Use appropriate factor(s) from the tables provided.) 3 powe 04:10 Required 2. Calculate the intemal rate of return of the investment opportunity (Do not round intermediate calculations.) b. Indicate whether the investment opportunity should be accepted Pre Intemalate of b. Should the investment oportunity bit ceted