Davis Chili Company is considering an investment of $35,000, which produces the following inflows: Year Cash Flow 1 $ 16,000 2 15,000 3 12,000 ________________________________________ 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 10 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 15 percent discount rate.