To open a new store. Rundle Tire Company plans to invest $232,000 in equipment expected to have a four-year useful life and no salvage value. Rundle expects the new store to generate annual cash revenues of $325,000 and to incur annual cash operating expenses of $193,000. Rundle's average income tax rate is 30 percent. The company uses straight-line depreciation. Required Determine the expected annual net cash inflow from operations for each of the first four years after Rundle opens the new store. (Negative amounts should be indicated by a minus sign.) Net cash Inflow / Outflow Year 1 Year 2 Year 3 Year 4 Rundle Manufacturing Company has an opportunity to purchase some technologically advanced equipment that will reduce the company's cash outflow for operating expenses by $1,275,000 per year. The cost of the equipment is $7,570,566.23. Rundle expects it to have a 11-year useful life and a zero salvage value. The company has established an investment opportunity hurdle rate of 15 percent and uses the straight-line method for depreciation. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required a. Calculate the internal rate of return of the investment opportunity. (Do not round intermediate calculations.) b. Indicate whether the investment opportunity should be accepted. a. Internal rate of return b. Should the investment opportunity be accepted