Davis Chili Company is considering an investment of $62,000, which produces the following inflows: Year Cash Flow 1 $ 28,000 2 27,000 3 24,000 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.

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.)

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.)