Davis Chili Company is considering an investment of $18,000, which produces the following inflows:

Year	Cash Flow
1	$	10,000
2		9,000
3		6,000

Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods.

a.	Determine the net present value of the project based on a 10 percent discount rate. (Do not round intermediate calculations and round your answer to 2 decimal places.)

Net present value

$

b.	Determine the net present value of the project based on a 19 percent discount rate. (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

$