t Briar Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $214,000. The equipment will have an initial cost of $1,214,000 and have an 8 year e. The salvage value of the equipment is estimated to be $214,000. The hurdle rate is 6%. Ignore income taxes. (Euture Value of $1, Present Value of S1, Future Value Annuity of $1, Present Value Annuity of S1) (Use appropriate factor from the PV tables.) a. What is the accounting rate of return? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Rate of Return b. What is the payback period? (Round your answer to the nearest whole number) ayback Peri 6 Years c. What is the net present value? (Round your answer to nearest dollar amount.) et Present Value d. What would the net present value be with a 14% hurdle rate? (Negative value should be indicated by a minus sign. Round your answer to nearest dollar amount.) Net Present Value