Welch Corporation is planning an investment with the following characteristics [ignore income taxes.): Useful life 9 years Yearly net cash inflow $ 60,000 Salvage value $ @ Internal rate of return 12% Required rate of return Click here to view Exhibit 14B-1 and Exhibit 148-2. to determine the appropriate discount factor(s) using the tables provided. The initial cost of the equipment is closest to: 8% Multiple Choice O $319,680 $330,030 O $480,100 Cannot be determined from the given information