Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): Useful life Yearly net cash inflow Salvage value Internal rate of return Required rate of return 5 years $70,000 12% 8% Click here to view Exhibit 13B.1 and Exhibit 138-2, to determine the appropriate discount factorfs) using the tables provided. The initial cost of the equipment is closest to: Multiple Choice $262,700 $280,100 $252,350 Cannot be determined from the given information. Joetz Corporation has gathered the following data on a proposed investment project (ignore income taxes): $34,500 s 7,800 Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return 15 years 10% The company uses straight-ine depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment Click here to view Exhibit 13B-1 and Exhibit 138-2, to determine the appropriate discount factorts) using the tables provided. The internal rate of return of the investment is closest to: Multiple Choice 19% 27% 025% o 23%