Olive 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 $250,200. The equipment will have an initial cost of $1,300,300 and have an 8-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 $1. Future Value Annuity of $1 Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice less than zero Between 8% and 10% Between 6% and 8% Greater than 10% Robin Company has the following balances for the current month: Direct materials used Direct labor Sales salaries Indirect labor Production manager's salary Marketing costs Factory lease $21,000 $10,500 $14,320 $ 1,850 $ 6,100 $ 9,010 $. 4,800 What is Robin's total manufacturing cost? Multiple Choice $67,580 $27,100 $31,500 $44,250