Consider the following cash flows:

Year	Cash Flow
0		$	33,000
1			13,400
2			18,300
3			10,800

Requirement 1:

What is the NPV at a discount rate of zero percent? (Do not round intermediate calculations.)

Net present value

$

Requirement 2:

What is the NPV at a discount rate of 12 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Net present value

$

Requirement 3:

What is the NPV at a discount rate of 23 percent? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign.Round your answer to 2 decimal places (e.g., 32.16).)

Net present value

$

Requirement 4:

What is the NPV at a discount rate of 32 percent? (Do not round intermediate calculations. Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places (e.g., 32.16).)

Net present value

$