Fast Carriage Company is considering to purchase a large truck. The expected useful life of the truck is 14 years. The cost and net cash inflow associated with the new truck is as follows:

Cost of new truck	$273,400
Expected annual net cash inflow Salvage value of truck at the end of 14 years	$36,000 $25,000

A.) Compute internal rate of return of the truck.

B.) Is the investment in truck desirable if management wants a 12% return on all such investments?