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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

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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 $66,000. The annual cash flows have the following projections. (Use a Financial calculator to arrive at the answers.) Year 1 2 Cash Flow $26,000 27.000 30,000 18,000 11,000 4 5 a. If the cost of capital is 7 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

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