The Pan American Botting Co. is considering the purchase of a new machine that would increase the speed of botting and save money. The net cost of this machine is $72000. The annual cash flows have the following projections. Use A ppendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. o. If the cost of capital is 12 percent, what is the net present value of selecting a new machine? (Do not round intermedlate calculations and round your flinal answer to 2 declmal ploces.) b. What is the internal rate of return? (Do not round Intermediate caleulatlons. Enter your answer os a percent rounded to 2 decimal places.) c. Should the project be accepted? Yes