The Moby Company would like to buy equipment to increase production capacity. The equipment costs $237,242.40 and has an estimated useful life of 7 years. The company believes that this investment will generate an additional net cash flow of $41,000 per year. a) Determine the internal rate of return of this investment. Do not enter dollar signs or commas in the input boxes. Round the PV Annuity factor to 4 decimal places. Round the IRR percentage to the nearest whole number. PV Annuity Factor: IRR: % b) Assume the company has a required rate of return of 6%. Using the IRR method, should the company purchase the equipment? Should the company purchase the equipment