The Green Goddess Company is considering the purchase of a new machine that would increase the speed of manufacturing tires and save money. The net cost of the new machine is $$45,000.$ The annual cash flows have the following projections.

Year Cash Flow

$1$ $$15,000$

$220,000$

$325,000$

$410,000$

$55,000$

a$.$ If the cost of capital is $10$ percent, what is the NPV$?($Use a Financial calculator to arrive at the answers. Round the intermediate and final answer to the nearest whole dollar.$)$

NPV $

b$.$ What is the IRR? $($Round the final answer to $2$ decimal places.$)$

IRR

$1$

$\%$

c$.$ Should the project be accepted?

multiple choice

Yes

No

P