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Davis Chili Company is considering an investment of $39,000, which produces the following inflows: Year Cash Flow 1 $18,000 2 17,000 3 14,000 Use Appendix

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Davis Chili Company is considering an investment of $39,000, which produces the following inflows: Year Cash Flow 1 $18,000 2 17,000 3 14,000 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 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 17 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.)

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