Newport Corporation is considering the purchase of a new piece of equipment. The cost swings from the equipment would result in an annuat increase In net cash flow of $201,600. The equipment will have an initial cost of $902,400 and a 6 -year useful life with no solvage value. If the cost of capital is 10\%, what is the internal rate of return? (Future Value of $1. Present Value of $1. Euture Value Annulfy of \$1, Prosent Volue Annuity of \$5) Note: Use the appropriate factors from the PV tables. Multiple Choice Between 10% and 12% Between 6% and 8% Between 8% and 10% Less than zero