Which of the following items would not appear on a segment margin income statement? O Selling expense Traceable fixed costs Common fixed costs O Direct material Undesirable behavior is especially common in a bottom-up budget environment because managers O have the ability to include budgetary slack to increase his or her chances of receiving a favorable performance evaluation. O do not control excess spending, and often exceed budgeted expenses. O tend to employ tactical planning. O may be required to explain unfavorable outcomes for amounts for factors they are able to control that caused the outcomes. Steven Garcia is the CEO of Garcia Industries. Steven is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient.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 $89530 and will provide annual cash operating inflows of $24287 for 5 years. The equipment currently being used is 3 years old and could be sold for $1980. Periods 5 Interest rate 6% 8% Type of cash flow PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity J7 J7 J7 J7 Factor 4.2124 3.9927 3.7908 3.6048 3.3522 10% 12% 15% What is the equipment's internal rate of return? O 8% O 15% O 12% O 10%