Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $38,000. The annual cash inflows are as follows. Use Appendix Year 2 3 Cash Flow $19,000 18,000 15,500 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 15 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