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Check my work The Horizon Company will invest $79,000 in a temporary project that will generate the following cash inflows for the next three years.
Check my work The Horizon Company will invest $79,000 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. points Year Cash Flow 1 $22,000 2 35,000 42,000 eBook The firm will also be required to spend $21,000 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. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places.) Hint Net present value Print References b. Should the investment be undertaken? O No Yes
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