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Davis Chili Company is considering an investment of $24,000, which produces the following inflows: Year Cash Flow 1 $ 13,000 2 12,000 3 9,000 Use

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Davis Chili Company is considering an investment of $24,000, which produces the following inflows: Year Cash Flow 1 $ 13,000 2 12,000 3 9,000 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. Net present value b. Determine the net present value of the project based on a 13 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 18 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

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