Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,400. The equipment will have an initial cost of $900,600 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 51. Future Value Annuity of $1. Present Value Annulty of $1.) (Use appropriate factor from the PV tables, Round your final answer to the nearest dollar amount.) Multiple Choice Between 0 and 10% Between 10% and 12 Between on and on Tous than