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1)The Company purchased a piece of equipment, the initial cost of the equipment is $137216 , useful life of 7 years with no salvage value at the end of the 7-year period

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1)The Company purchased a piece of equipment, the initial cost of the equipment is $137216 , useful life of 7 years with no salvage value at the end of the 7-year period. This equipment is expected to generate a net cash inflow of $32,000 each year of its useful life, an internal rate of return: Select one: a. 16% b. 14 % c. 10 % d. 8 %