Mindy Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income of $55,100. The equipment will have an initial cost of $518,000 and an 8-year useful life with no salvage value. Mindy's cost of capital is 10%. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) Note: Use appropriate factor from the PV tables. Required: a. What is the net present value? b. What would the net present value be with a 15% cost of capital? c. Based on the NPV calculations, what would be the equipment's internal rate of return? Complete this question by entering your answers In the tabs below. Required A Required B Required C What is the net present value? Note: Do not round intermediate calculations and round your final answer to the nearest dollar amount. Net Present Value < Required A Required B >