Please solve this question using present worth analysis and then interpolate to find IRR. Please show all your work.

The High Society Baked Bean Co. is considering a new canner. The canner costs $120 000 and will have a scrap value of $5000 after its 10-year life. Given the expected increases in sales, the total savings due to the new canner, compared with continuing with the current operation, will be $15 000 the first year, increasing by $5000 each year thereafter. Total extra costs due to the more complex equipment will be $10000 per year. The MARR for High Society is 12 percent. Should it invest in the new canner? l Notice I Privac 41o F7 Fs 9 0 6 7 8 5