Question: Help 4 Problem 12-18 10 points Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $68,000. The annual cash inflows are

Help 4 Problem 12-18 10 points Elgin Restaurant Supplies is analyzing the purchase of manufacturing equipment that will cost $68,000. The annual cash inflows are as follows. Use Appendix D. Year 1 Cash Flow $34,000 32.000 27,000 eloos 3 Determine the IRR using interpolation, (Round the intermediate calculations to the nearest whole dollar. Round the final answer to 2 decimal places) IRR forence b. With a cost of capital of 17 percent, should the machine be purchased? Yes No c. With information from part b, compute the Pl. (Round the final answer to 3 decimal places.) PI

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