Problem 12-18 Net present value and internal rate of return methods ILO4] The Pan American Bottling Co. 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 $75,000. The annual cash flows have the for an approximate answer but cakulate your final answer using the formula and financial calculator methods 1 $ 30,000 2 35,000 3 38,000 25,000 5 19,000 a. If the cost of capital is 11 percent, what is the net present value of selecting a new machine? (Do not round intermediate calculations and round your final answer to 2 decimal places) b. What is the internal rate of return? (Do not round i percent rounded to 2 decimal places) Intemai ate of retuS c. Should the project be accepted? O Yes O No