Question 20 Not yet answered 7 years . Marked out of 5.00 The QJE Company purchased a piece of equipment with the following expected results: Useful life ....... Yearly net cash inflow (starting from year 1)........ $50,000 Salvage value .... 0 Internal rate of return 20% Discount rate 16% ...... P Flag question The initial cost of the equipment was a. Cannot be determined from the information given. O b. $190,600 C. $300,100 d. None of the other statements are correct. e. $180,230