Mafor Com. is considering the purchase of a new piece of equlpment. The cost sarvings from the equigment would result in an an inual increase in cash flow of $114,000. The equipment will have an initial cost of $577,000 and have an 8 year life. The equipment has no sakage value. The hurdle rate is BK. Ignore income tixes. (Future Value of 31 . Present Value of 51 . Future Value Annuity of 51. Present Value Annuity of S1) (Use eppropriate factor from the PV tables.) a. What is the net present value? (Negative amounts should be indicated by a minus sign. Pound your intermediate and final answer to the nearest dollar amount.) b. What would the net present value be with a 12% hurdle rate? (Negative amounts should be indicated by a minus sign. Round your intermedlate and final answer to the nearest dollar amount.) Based on the NPV calculations, what would be the equipment's internal rate of return? (Round your answer to 2 decimal places.)