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 $69,000. The annual cash flows have the following projections. Use Appendix B and Appendix D.

Year	Cash Flow
1	$32,000
2	37,000
3	34,000
4	27,000
5	13,000

a. If the cost of capital is 11 percent, what is the NPV? (Round "PV Factor" to 3 decimal places. 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 %

c. Should the project be accepted?

• Yes

• No