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Davis Chili Company is considering an investment of $22,000, which produces the following inflows: Year Cash Flow 1 $12,000 2 11,000 3 8,000 Use Appendix

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Davis Chili Company is considering an investment of $22,000, which produces the following inflows: Year Cash Flow 1 $12,000 2 11,000 3 8,000 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 zero percent discount rate. Not present value b. Determine the net present value of the project based on a 12 percent discount rate (Do not round Intermediate calculations and round your answer to 2 decimal places.) Net present value c. Determine the net present value of the project based on a 20 percent discount rate (Negative amount should be indicated by minus sign. Do not round intermediate calculations and round your answer to 2 decimal places) Not procent value

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