King's Department Store is considering the purchase of a new machine at a cost of $18,139. The machine will provide $3,400 per year in cash flow for eight years, King's cost of capital is 9 percent. a. What is the IRR? (Use a Financial calculator to arrive at the answers. Round the final answer to the nearest whole percent.) IRR % b. Using the IRR method, evaluate this project and indicate whether it should be undertaken. No Yes