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The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bott ing and save) money. The net cost of this machine is $70,000. The annual cash fows have the following projections, Use Anpendix B and Anpend x Q for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. If the cost of capital is 12 percent, what is the net present value of selecting a new machine? (Do not round intermediate calculations and round your final answer to 2 decimal places.) b. What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. Should the project be accepted? Yes No