John Deere is an American manufacturer of agricultural. construction, and forestry machinery, John Deere is debating the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $201.800. The equipment will have an initial cost of $902,700 and have a 6-year life. There is no salvage value for the equipment. If the hurdle rate is 10%, what is the internal rate of return? Ignore income taxes. (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice O Between 10% and 12% O less than zero O Between 8% and 10% O Between 6% and 8%