Burgess Corporation Is Considering Purchasing Equipment That Costs $235,000

Burgess Corporation is considering purchasing equipment that costs $235,000. The equipment has an estimated useful life of 5 years and no salvage value. Burgess believes that the annual cash inflows from using the equipment will be $65,000.(PV of $1and PVA of $1) (Use appropriate factor(s) from the tables provided.)Required:Calculate the net present value of the equipment assuming that Burgess's cost of capital is 12%. Is the equipment an acceptable investment?Calculate the net present value of the equipment assuming that Burgess's cost of capital is 10%. Is the equipment an acceptable investment?Based on your results to parts 1) and 2), estimate the internal rate of return for the investment in the equipment.