King's Department Store is contemplating the purchase of a new machine at a cost of $37,227. The machine will provide $5,300 per year in cash flow for ten years. King's has a cost of capital of 12 percent. Use Appendix D for an approximate answer but calculate your final answer using the financial calculator method. a. What is the internal rate of return? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. b. Should the project be undertaken? Yes No Piesent value of an manty of $1, PV IFi PPOA=A[1(L/(L+)7)]/1