Problem 12-24 (calculator version) The Green Goddess Company is considering the purchase of a new...
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Problem 12-24 (calculator version) The Green Goddess Company is considering the purchase of a new machine that would increase the speed of manufacturing tires and save money. The net cost of the new machine is $66.000 The annual cash flows have the following projections. (Use a Financial calculator to arrive at the answers.) 1 2 3 Cash Flow $26.000 27,000 30,000 18,000 11,00 5 a. If the cost of capital is 7 percent, what is the NPV? (Round the final answer to the nearest whole dollar) NPV $ b. What is the IRR? (Round the final answer to 2 decimal places.) IRR c. Should the project be accepted? Yes O No
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