PLEASE HELP ME ANSWER THIS QUESTION ASAP.

Overland Corporation has gathered the following data on a proposed investment project:

Click here to viewExhibit 8B-1andExhibit 8B-2to determine the appropriate discount factor(s) using tables.

Investment required in equipment $520,000

Annual cash inflows $78,000

Salvage value of equipment $0

Life of the investment10years

Discount rate6%

The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment.

The internal rate of return on the investment is closest to:

4%

6%

8%

10%