Problem 12-18 (Algo) Net present value and internal rate of return methods [ LO12-4] The Pan American Botting Company Is consldering the purchase of a new machine that would increase the speed of bottling and save money. The net cost of this machine is $56.000. The annual cash flows have the following projections. Use Bppendix 8 and andendis Q for an approximate answer but calculate your final answer using the formula and financial calculator methods. o. If the cost of capital is 10 percent, what is the net present value of selecting a new machine? Note: Do not round intermediate calculations and tound your final answer to 2 decimal places. b. What is the intemal rate of return? Note: Do not round intermediote calculotions. Enter your answer os a percent rounded to 2 decimal ploces