eBook Exercise 19.9 (Algorithmic) NPV and IRR Each of the following scenarios is independent. All cash flows are after-tax cash flows. The present value tables provided in Exhibit 19B.1 and Exhibt 198.2 must be used to solve the following problems. Required: 1. Patz Corporation is considering the purchase of a computer-aided manufacturing syst costs $3,865,000 and will last eight years. Compute the NPV assuming a discount rate of 12 percent. em. The cash benefits will be $825,000 per year. The system Should the company.buy the new system? Select your answer-v 2. Sterling Wetzel has just invested $272,000 in a restaurant specializing in German food. He expects to receive $45,318 per year for the next seven years. His cost of capital is 3.35 percent. Compute the internal rate of return. Round your answers to whole percentage value for example, 16% should be entered as "16" in the answer box). Did Sterling make a good decision? Select your answer ere to search