The owner of Monster Gym wants to replace all the equipment at the fitness center. The investment will cost $180,000 and will generate $50,000 additional revenue which will increase $5,000 every year. The salvage value of the equipment will be $50,000 after 5 years. Assume that the owner uses a MARR of 20% for the analysis. a) [13pt] Determine the IRR for the machine using interpolation. (You should not use Excel for this problem.) b) [2pt] Should the equipment be purchased? Why? 2) Beach Park Resort (20 Points) Two locations of Beach Park Resort's new facility are evaluated, with the projected life of each facility being 10 years. The estimated cash flows are nc followie. The company uses a MARR of 10%. Using internal rate of return analysis, answer the following