8 Problem 12-18 (Algo) Net present value and internal rate of return methods [LO12-4] 5 points...

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8 Problem 12-18 (Algo) Net present value and internal rate of return methods [LO12-4] 5 points eBook The Pan American Bottling Company is considering the purchase of a new machine that would increase the speed of bottling and save money. The net cost of this machine is $57,000. The annual cash flows have the following projections. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Year Cash Flow $ 22,000 1 Hint 2 3 Print 4 5 24,000 26,000 32,000 14,000 References a. If the cost of capital is 11 percent, what is the net present value of selecting a new machine? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Net present value 8 Problem 12-18 (Algo) Net present value and internal rate of return methods [LO12-4] 5 points eBook The Pan American Bottling Company is considering the purchase of a new machine that would increase the speed of bottling and save money. The net cost of this machine is $57,000. The annual cash flows have the following projections. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Year Cash Flow $ 22,000 1 Hint 2 3 Print 4 5 24,000 26,000 32,000 14,000 References a. If the cost of capital is 11 percent, what is the net present value of selecting a new machine? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. Net present value