TB MC Qu. 12-78 Welch Corporation is planning... Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): Useful life Yearly net cash inflow Salvage value Internal rate of return Required rate of return 11 years $40,000 $ 0 13% 9% Click here to view Exhibit 12B-1 and Exhibit 12B-2. to determine the appropriate discount factor(s) using the tables provided. The initial cost of the equipment is closest to: Multiple Choice $400,100 The initial cost of the equipment is closest to: Multiple Choice 20 $400,100 $227,480 O $237,830 Cannot be determined from the given information