Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $36,000. The annual cash inflows are as follows. Use Appendix D. Year Cash Flow $18,000 17,000 14,500 2 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 17 percent, should the machine be purchased? Yes O No c. With information from part b.compute the PL (Round the final answer to 3 decimal places. Prev 29 of 47 Next >