Davis Chili Company is considering an investment of $29,000, which produces the following inflows:

Year Cash Flow

1 $ 15,000

2 14,000

3 11,000

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 11 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 a minus sign.

Do not round intermediate calculations and round your answer to 2 decimal places.) Net present value $