Home Security Systems is analyzing the purchase of manufacturing equipment that will cost $58,000. The annual cash inflows for the next three years will be: Year Cash Flow 1 $ 29,000 2 27,000 3 22,000 Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the financial calculator method. a. Determine the internal rate of return. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b. With a cost of capital of 15 percent, should the equipment be purchased? Yes No ReferenceseBook & Resources WorksheetDifficulty: BasicLearning Objective: 12-04 The net present value and internal rate of return are generally the preferred methods of capital budgeting analysis. Check my work