not quite sure how to find the internal rate of return

7. 10 points 8 04:07 Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computer furniture line. The equipment is expected to cost $328,000 and to have a six-year life and no salvage value. The equipment is expected to generate income of $17,639 and net cash flow of $68,939 in each year of its six-year life. Santana requires an 8% return on all investments. (PV of $1. FV of $1. PVA of $1, and EVA of $1 (Use appropriate factor(s) from the tables provided.) (Negative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole number.) Required: 1-a. Compute the payback period for this equipment. 1-b. Compute the net present value for this equipment 1-c. Compute internal rate of return for this equipment. 2. If Santana requires investments to have payback periods of four years or less, should she invest in this equipment? 3. If Santana requires Investments to have at least an 8% internal rate of return, should she invest in this equipment? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Req 1C Reg 2 and 3 Compute internal rate of return for this equipment. Present Value Factor Mc Graw IHIN Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 10 Req 2 and 3 Compute internal rate of return for this equipment. Present Value Present Value Factor Numerator: 1 Denominator: Initial investment 1 Annual net cash flow Factor 328,000 68,939 4.7578 Find this factor on the appropriate table to estimate the Internal Rate of Return n 6 Internal Rate of Return