cBool:

Piping Hot Food Services $($PHFS$)$ is evaluating a capital budgeting project that costs $$60,000.$ The project is expected to generate after$-$tax cash flows equal to $$16,000$ per year for six years. PHFS$\text{'}$s required rate of return is $15$ percent.

a$.$ Compute the project's net present value $($NPV$).$ Do not round intermediate calculations, Round your answer to the nearest cent. Use a minus sign to enter a negative value, if any.

$

b$.$ Compute the project's internal rate of return $($IRR$).$ Round your answer to two decimal places.

$\%$

c$.$ Should the project be purchased?

The project be purchased.