2 King's Department Store is considering the purchase of a new machine at a cost of $23,586. The machine will provide $3,800 per year In cash flow for twelve years, King's cost of capital is 9 percent a. What is the IRR (Use a Financial calculator to arrive at the answers. Round the final answer to the nearest whole percent.) IRR % b. Using the IRR method, evaluate this project and indicate whether it should be undertaken. No Hamilton Control Systems will invest $81,000 in a temporary project that will generate the following cash inflows: Year 1 2 3 Cash Flow $21,800 34,000 43,000 The firm will also be required to spend $22,000 to close the project at the end of the three years, a. Compute the net present value if the cost of capital is 12 percent. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar. Negative answer should be indicated by a minus sign. Omit $ sign in your response.) NPV $ b. Should the investment be undertaken? Yes . No