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 $55,000. The annual cash flows have the following projections. (Use a Financial calculator to arrive at the answers.)

Year	Cash Flow
1	$29,000
2	27,000
3	27,000
4	32,000
5	10,000

a. 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 places.)

IRR %

c. Should the project be accepted?

Yes

No