QUESTION 29 3 points Save Answe Assume that a company is considering buying a new piece of equipment for $240,000 that would have a useful life of five years and no salvage value. The equipment would generate the following estimated annual revenues and expenses: Revenues $ 137,100 Less operating expenses: Commissions $ 15,000 Insurance 5,000 Depreciation 48,000 Maintenance 30,000 98,000 Net operating income $ 39,100 Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. The internal rate of return for this investment is closest to: a 28%. 22%. 26%. 24%