King's Department store is contemplating the purchase of a new machine at a cost of $24,032. The machine will provide $3,700 per year in cash flow for 11 years. King's has a cost of capital of 12 percent Use Appendix D. (a) What is the internal rate of return? (Round "PV Factor" to 3 decimal places. Round your answer to the nearest whole percent. Omit the sign in your response.) Internal rate of return (b) Should the project be undertaken? Yes No