Piping Hot Food Services $($PHFS$)$ is evaluating a capital budgeting project that costs $$74,000.$ The project is expected to generate after$-$tax cash flows equal to $$31,500$ per year for three years. PHFS$\text{'}$s required rate of return is $13$ percent.

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 $$\_\_\_\_\_\_\_$

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

Should the project be purchased? $($SHOULD OR SHOULD NOT$)$