16. Marielle Machinery Works forecasts the following cash flows on a project under consideration. It uses the internal rate of return rule to accept or reject projects. Should this project be accepted if the required return is 12 percent?

A company has dicided to purchase or lease an equipment .the cost of the machine is $24000 ,7 years life,with $ 6000 salvage value. The lease option is $4000 payment per year.The purchase option is 12 percent interest at the end of each year.CCA is 20 percent. Tax Bracket is 25 % cost of capital is 18 percent. Is it better to buy or lease