Thomas Taylor is the CEO of Taylor Industries. Thomas is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient. The controller of the company has identified equipment that costs $129050 and will provide annual cash operating inflows of $35039 for 5 years. The equipment currently being used is 3 years old and could be sold for $2740 Interest rate Periods 5 5 Type of cash flow PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity Factor 4.2124 3.9927 3.7908 8% 10% 5 5 5 12% 3.6048 3.3522 15% What is the equipment's internal rate of return? 15% 896 12% 1096