James Smith is the CEO of Smith Industries James is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient.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 $83290 and will provide annual cash operating inflows of $22634 for 5 years. The equipment currently being used is 3 years old and could be sold for $1700 Type of cash flow PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity Periods 5 5 5 5 5 Interest rate 6% 8% 10% 12% 15% Factor 4.2124 3.9927 3.7908 3.6048 3.3522 What is the equipment's Internal rate of return? O 8% O 10% O 15% 12%