Problem 12-18 (Algo) Net present volue and internal rate of return methods [LO12-4] The Pan American Botting Company is considering the purchase of a new machine that would increase the speed of botting and save money. The net cost of this machine is $60,000. The annual cash flows have the following projections. Use Append B. and Appendx D for an approximate answer but calculate your final answer using the formula and financlal calculator methods: 0. If the cost of capital is 12 percent, what is the net present value of selecting a new machine? Note: Do not round intermedlate calculations and round your final answer to 2 decimal places. b. What is the internal rate of return? Note: Do not round intermedlate calculetions. Enter your answer as o percent rounded to 2 decimal places. Answer is complete but not entirely correct. c. Should the project be occepted? Yes No