Question: i need answer please Elgin Restaurant Supplies is analyzing the purchase of manufacturing machine that will cost $21,000. The annual cash infliows are as follows.
Elgin Restaurant Supplies is analyzing the purchase of manufacturing machine that will cost $21,000. The annual cash infliows are as follows. Use Appendix D. a. Determine the IRR using interpolation. (Do not round PV factor. Round other intermedlate calculations to the nearnst whele dollar, Round the final answer to 2 decimal places.) IRR b. With a cost of capital of 13 percent, should the machine be purchased? Yes No c. With information from part b, compute the Profitability Index. (Do not round PV factor. Round other intermediate calculations to the nearest whole dollar. Round the final answer to 3 decimal places.) Profitability Index
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