(IRR) Sweetwater Marina is considering adding facilities to provide more services to its marina occupants. The facilities would cost $320,000 and would generate $41,442 annually in new cash inflows. The expected life of the facilities would be 10 years, and there would be no expected salvage value. The firm’s cost of capital and discount rate is 11 percent.

a. Calculate the internal rate of return for the proposed machine (round to the nearest whole percent, ignore tax).

b. Based on your answer to part

a, should the company purchase the machine?

c. How much annual cash inflow would be required for the project to be min¬ imally acceptable?