Chow Company has gathered the following information on the purchase of a new piece of equipment: Initial investment ...... Annual cash inflows ...... Internal rate of return .... $68,022 $12,000 16% Calculate the life of the equipment in years. You will need to use the present value table factors posted in carmen to answer this question. To access these factors, click modules and then scroll to week 10. Click on the link labeled present value table factors. No credit will be awarded for this question using a means other than these table factors to answer this