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Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computer furniture

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Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computer furniture line. The equipment is expected to cost $356,800 and to have a six-year life and no salvage value. The equipment is expected to generate income of $24,639 and net cash flow of $77,339 in each year of its six-year life. Santana requires an 9% return on all investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) (Negative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole number.) Find this factor on the appropriate table to estimate the Internal Rate of Return n = Internal Rate of Return %

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