Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $26,000. The annual cash intlows are a follows. Use Appendix D. Year 1 2 3 Cash Flow $14,000 12,500 9,500 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 18 percent should the machine be purchased? Yes O No c. With information from part b, compute the P1 (Round the final answer to 3 decimal places.) PI