+4 (Chapters 11, 12, 13) Saved Help Save & E Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $32,000. The annual cash inflows are as follows. Use Appendix D. Year 1 Cash Flow $16,000 14,000 9,000 3 a. Determine the IRR using interpolation (Round the intermediate calculations to the nearest whole dollar. Round the final answer to 2 decimal places.) IRR b. With a cost of capital of 10 percent, should the machine be purchased? O Yes No c. With information from part b, compute the PL. (Round the final answer to 3 decimal places.)