Problem 1218 (Static) Net present value and internal rate of return methods [LO12-4] The Pan American Bottling Company is considening the purchase of a new machine that would increase the speed of bottling and save money. The net cost of this machine is $60,000. The annual cash flows have the following projections. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. o. If the cost of capital is 13 percent, what is the net present value of selecting a new machine? Note: Do not round intermediate calculotions and round your final answer to 2 decimal ploces. b. What is the internal rate of return? Note: Do not round intermediate calculotions. Enter your answer as a percent rounded to 2 decimal places