Saved Help Save & King's Department Store is contemplating the purchase of a new machine at a cost of $25,337 The machine will provide $5,100 per year in cash flow for eight years. King's has a cost of capital of 10 percent. Use Appendix D for an approximate answer but calculate your final answer using the financial calculator method. a. What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Intenal rate of return b. Should the project be undertaken? No e Yes O Appendix D an annuity of $1, PV PV,-A 1- 1+ Present value Percent Perlod 1% 2% 3% 4% 6 % 5% 7 % 8% 9% 10% 11% 12% 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0901 0893 2 1.970 1.942 1.913 1.886 1.859 1833 1.808 1.783 1.759 1.736 1.713 1.690 3 2.941 2,884 2.829 2.775 2.723 2.673 2.577 2.624 2.531 2.487 2.444 2.402 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037 5 4.853 4.713 4.580 4.452 4.329 4.100 4.212 3.993 3.890 3.791 3.696 3.605 5.795 5.601 5417 5.242 4.917 4.355 5.076 4.767 4.623 4.486 4.231 4.111 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5 206 5.033 4.868 4712 4.564 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5.146 4.968 8.566 8.162 7.786 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.537 5.328 10 9.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6418 6.145 5.889 5.650 11 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 6.207 5.938 12 11.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 7.161 6.814 6.492 6.194 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.750 6.424 14 13.004 12.106 11.296 10.563 9.899 9 295 8.745 8.244 7.786 7.367 6.982 6628 15 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.061 7.606 7.191 6.811 16 14.718 13.578 12.561 11.652 10.838 10.106 9.447 8.851 8.313 7.824 7.379 6974 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.544 8.022 7.549 7.120 18 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8756 8.201 7.702 7.250 15 17.226 15.678 14 324 13.134 12.08 11.158 10.336 9.604- 8,950 8.365 7.839 7.366 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9129 8.514 7.963 7.469 25 22.023 19.523 17.413 15 622 14.094 12.783 11.654 10.675 9.823 9.077 8.422 7843 30 25.808 22.396 19.600 17 292 15.372 13.765 12.409 11.258 10274 9.427 8.694 8.055 40 32.835 27.355 23.115 19.793 17.159 15 046 13332 11.925 10.757 9.779 8.951 8.244 39.196 31.424 25.730 21.482 18.256 15.762 13.8011 12.233 10.962 9915 9.042 8.304 50