ANNA Company manufactures printer parts, and the CEO would like to invest in a new machine to reduce operating costs. The total cost of the machine is $66,000 and the CEO predicts the following net cash flows for the next five years: (Use a Financial calculator or Excel to arrive at the answers.)

Year	Cash Flow
1	$26,000
2	27,000
3	30,000
4	18,000
5	11,000

a. If the cost of capital is 7 percent, what is the NPV? (Round the final answer to the nearest whole dollar.)

NPV=_____ $

b. What is the IRR? (Round the final answer to 2 decimal places.)

IRR= _____ %

c. Should the project be accepted?

multiple choice

Yes

No