Wilson Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income of $52,600. The equipment will have an initial cost of $603,900 and an 8-year useful life. The salvage value of the equipment is estimated to be $103,900. If Wilson's cost of capital of 10%, what is the internal rate of return? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) Note: Use the appropriate factors from the PV tables. Multiple Choice More than 15% Less than zero Between zero and 10% Between 10% and 15%

Wison Corporation is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in net income of $52.600. The equipment wil have an initial cost of $603,900 and an 8 year useful life. The salvage vaiue of the equipment is estimated to be $103.900. if Wilson's cost of capital of 0%. what is the internal rate of return? (Future Value of \$1. Present Value of S1, Future Value Annuity of 51. Present Value Annuity of $11 Note: Use the appropriate factors from the PV tables. Muitiple Choice More than 15\% Less than rero Between zero and 10k Between 108 and 15N