PIUblem 12-18 Check my wo Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $38,000. The annual cash inflows are as follows. Use Appendix D. Year Cash Flow $19,000 17,000 12,000 a. Determine the IRR using interpolation. (Round the intermediate calculations to the nearest whole dollar. Round the final answer to 2 decimal places.) IRR % b. With a cost of capital of 11 percent, should the machine be purchased? Yes c. With information from part b, compute the Pl. (Round the final answer to 3 decimal places.) PI Prev Nexu