(Present value tables are needed.) Somerville Corporation is considering investing in specialized equipment costing $618,000. The equipment has a useful life of 5 years and a residual value of $55,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are: Year 1 $250,000 Year 2 $190,000 Year 3 $152,000 Year 4 $112,000 Year 5 $95,000 $799,000 Somerville Corporation's required rate of return is 14%. Is the internal rate of return of the investment equal to, higher than, or lower than 14%?