Sunny Company manufactures printer parts, and the CEO would like to invest in a new machine to reduce operating costs. The total cost of the machine is $55,000 and the CEO predicts the following net cash flows for the next five years: (Use a Financial calculator or Excel to arrive at the answers.) o. If the cost of capital is 9 percent, what is the NPV? (Round the final answer to the nearest whole dollar.) NPV $ b. What is the IRR? (Round the final answer to 2 decimal ploces.) IRR % c. Should the project be accepted? Yes No Francesca has approached you to assist with retirement planning. She would like to retire in 11 years, at which time she hopes to have accumulated enough money to receive an annuity of $14,000 a year for 16 years of retirement. - The pre-retirement interest rate is 10 percent annually - The retirement interest rate is 12 percent annually. Required: How much does Francesca need to contribute annually to save enough for retirement? (Use a Financial calculator/Excel to arrive at the answer. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Annual contribution