Problem 12-18 (Algo) Net present value and internal rate of return methods [LO12-4] The Pan American Bottling Company is considering the purchase of a new machine that would increase the speed of botting ond save maney. The net cost of this machine is $70,000. The annual cash flows have the following projections. Use Appendix 8 and Appendix Q for an approvimate answer but calculate your final answer using the formula and financial calculator methods. a. If the cost of capital is 12 percent, what is the net present value of selecting a new mochine? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. b. What is the internal rote of rotum? Noter Do not round intermediate calculotions. Einter your answer as a percent rounded to 2 decimal places. b. What is the internal rate of return? Note: Do not round intermediate calcialations. Enter your answer as a percent rounded to 2 decimal places. \begin{tabular}{|l|l|} \hline Elininer rabe of retum & % \\ \hline \end{tabular} C. Should the project be accepted? Y0s. No