4:06 PM Sun Apr 7 > DeVry Studen... AA ... ezto.mheducation.com Week 6: Hom... M McGraw Hill -... x Question 7 -... Week 6: Homework i Saved ChatGPT + 94% Magic Village... Help Save & Exit Submit Check my work 7 5 points Problem 12-15 (Algo) Net present value method [LO12-4] The Horizon Company will invest $67,000 in a temporary project that will generate the following cash inflows for the next three years. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. eBook Year Hint Print References 1 2 3 Cash Flow $ 21,000 34,000 36,000 The firm will also be required to spend $18,000 to close down the project at the end of the three years. a. Compute the net present value if the cost of capital is 9 percent. Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places. Net present value Mc Graw Hill b. Should the investment be undertaken? No Yes Prev 7 of 9 Next >