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 $48,000. The annual cash flows have the following projections. (Use a Financial calculator to arrive at the answers.) Year 1 2 3 Cash Flow $18,000 22,000 25,000 12,000 7,000 5 a. If the cost of capital is 9 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 %