The Allen Company is planning an investmentwith the following characteristics:Useful life 7 years , Yearly net cash inflow............. $40,000, Salvage value $0, Internal rate of return ...... 20%Discount rate ...... 16%,The initial cost of the equipment is A) $240,080 O B) $152,480 O C) $144,240 O D) Cannot be determined from the given information