Required information Excel Analytics 14-1 (Algo) Internal Rate of Return [LO14-2, LO14-3] Sanders Company has an opportunity to manufacture and sell a new product for a five-year period. The company estimated the following costs and revenues for the new product Cost of new equipment Initial working capital required Overhaul of the equipment after three years Salvage value of the equipment after five years Annual revenues and costs: $420,000 $ 78,000 $ 50,000 $ 30,000 Sales Variable expenses Fixed out-of-pocket operating costs $850,000 $500,000 $194,000 When the project concludes in five years the working capital will be released for investment elsewhere in the company Click here to download the Excel template, which you will use to answer the questions that follow. Click here for a brief tutorial on Goal Seek in Excel. Excel Analytics 14-1 (Algo) Part 1 Required: 1. One method for computing the internal rate of return relies on computing the factor of the internal rate of return as shown below Factor of the internal rate of return Investment required Annual net cash inflow. Excel Analytics 14-1 (Algo) Part 1 Required: 1. One method for computing the internal rate of return relies on computing the factor of the internal rate of return as shown below Factor of the internal rate of return Investment required Annual net cash inflow Can this equation be used to calculate the internal rate of return for Sanders Company? Why? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Which of the following statements is true with respect to this equation? Olt can be used to calculate the internal rate of return in this instance because the net cash inflows are the same every year. Olt cannot be used to calculate the internal rate of return in this instance because the net cash inflows are not the same every year Click here for a brief tutorial on Goal Seek in Excel Excel Analytics 14-1 (Algo) Part 1 Required: 1. One method for computing the internal rate of return relies on computing the factor of the internal rate of return as shown below Factor of the internal rate: of return Investment required Annual net cash inflow Can this equation be used to calculate the internal rate of return for Sanders Company? Why? Complete this question by entering your answers in the tabs below. Req 1A Req 18 1b. If this equation cannot be used to calculate the internal rate of return explain why. OBecause the net cash inflows are the same every year. OBecause the net cash inflows are not the same every year.