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n Baird Auto Repair, Inc. is evaluating a project to purchase equ the quality of its repair services. The board of directors requires all capital investments to meet or exceed t a 10 percent rate of retum. However, the board has not clearly defined the rate of retum. The president and control two different rates of return: unadjusted rate of return and internal rate of return. The equipment, which costs $ expectancy of four years. The increased net profit per year will be approximately $6,000, and the increased cash ipment that will not only expand the company's capacity but also improve 109,000. has a life inflow per year will be approximately $32909. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required a-1. Determine the unadjusted rate of return and (use average investment) to evaluate this project. Round your answe places. (Le%"2345 should be entered as 23.45 a-2. Based on the unadjusted rate of return, should the company invest in the equipment? b-1. What is the approximate internal rate of return of this project? b-2. Based on the internal rate of return, should the company invest in the equipment? c. Which method is better for this capital investment decision? a-1. Unadjusted rate of return s-2 Should the company invest in the equipment? b-1. Intemal rate of return b-2 Should the company invest in the equipment? c Which method is better for this capital investment decision