Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $34,000. The annual cash inflows are as follows Use Appendix D. Year 1 2 3 Cash Flow $17,000 15,000 10,000 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 11 percent, should the machine be purchased? Yes O No c. With information from part, compute the PL. (Round the final answer to 3 decimal places.) PI