Newport 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 cash flow of $203,000. The equipment will have an initial cost of $904,500 and a 6 -year useful life with no salvage value. If the cost of capital is 10%, what is the internal rate of return? Present Value of \$1, Future Value Annuity of \$1, Present Value Annuity of \$1) Note: Use the appropriate factors from the PV tables. Multiple Choice Less than zero Between 10% and 12% Between 6% and 8% Between 8% and 10% TABLE 11.1A Future Value of $1 TABLE 11.2A Present Value of $1 TABLE 11.3A Future Value of an Annuity of $1 TABLE 11.4A Present Value of Annuity of $1