Prescot Corporaston is considering an imvestment in new equipment costing $928,000. The equipment will be depreciated on a straight - Ine basis over a ten - year ifo and ia expected to have a residual value of 5106.000 . The equipment is expected to generase net cash inflows of $144,000 for each of the firat five years and $102,000 far each of the last five yoare. What is the ocooureding rate of tesim associated with the equipment investment? (Round your aniswer to two decimal places.) A. 789 B. 9.53% C. 8.39% D. 9.05%