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A music company is considering creating the world's largest piano. Cost and cash flow details are listed below. The company requires a 12% return on

A music company is considering creating the world's largest piano. Cost and cash flow details are listed below.

The company requires a 12% return on its capital.

a) What is the present value of the yearly cash flows? (round to nearest dollar)

b) What is the net present value of the project? (round to nearest dollar)

c) What is the internal rate of return of the project? (round to two decimal places)

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A music company is considering creating the world's largest piano. Cost and cash flow details are listed below.
The company requires a 12% return on its capital.
a) What is the present value of the yearly cash flows? (round to nearest dollar)
b) What is the net present value of the project? (round to nearest dollar)


c) What is the internal rate of return of the project? (round to two decimal places)