Problem 12-18 (Algo) Net present value and internal rate of return methods [LO12-4] The Pan...

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Problem 12-18 (Algo) Net present value and internal rate of return methods [LO12-4] The Pan American Bottling Company is considering the purchase of a new machine that would increase the speed of bottling and sa money. The net cost of this machine is $72.000. The annual cash flows have the following projections. Use Appendix B and Append for an approximate answer but calculate your final answer using the formula and financial calculator methods. a. If the cost of capital is 14 percent, what is the net present value of selecting a new machine? Note: Do not round intermediate calculations and round your final answer to 2 decimal places. b. What is the internal rate of return? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places

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