Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $64,000. The annual cash inflows are as follows. Use Appendix D. Year 1 2 3 Cash Flow $32,000 30,000 25,000 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 16 percent, should the machine be purchased? Yes No c. With information from part b, compute the Pl. (Round the final answer to 3 decimal places.) PI