The Quick Response Company is considering the purchase of a piece of labor-saving machinery. The machine has a useful life of five years. It would result in a net cash outflow (after consideration of tax effects) of $100,000, immediately followed by net cash inflows (after tax) from increased sales of $28,000 in each of next five years. Is the equipment attractive if the company has adopted a hurdle rate of 10 percent? 12 percent? 14 percent? What is the internal rate of return?