Each of the following scenarios is independent. All cash flows are after-tax cash flows. The present value tables provided in Exhibit 19 B .1 and Exhibit 19B.2 must be used to solve the following problems. Required: 1. Patz Corporation is considering the purchase of a computer-aided manufacturing system. The cash benefits will be $799 , 000 per yoar the system costs 54 , 315 , 000 and will last nine years, Compute the NPV assuming a discount rate of 10 percent. Should the company buy the new system? 2. Sterling Wetrel has just invested $346 , 000 in a restaurant specializing in German food. He expects to receive $66 , 462 per year for the next seven ynars. His cost af capital is 7.55 percent. Compute the internal rate of retum. Round your answers to whole percentage value (for example, 16% should be tatereif as "16+ in the ansiner Did sterling make a good decision