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I need help with the following problem I need the steps in using a financial calculator and i need the solution. I just don't understand
I need help with the following problem I need the steps in using a financial calculator and i need the solution. I just don't understand this at all.
The Hudson Corporation makes an investment of $24,000 that provides the following cash flow:
Year | Cash Flow |
1................ | $ 13,000 |
2................ | 13,000 |
3................ | 4,000 |
a. What is the net present value at an 8 percent discount rate?
b. What is the internal rate of return?
c. In this problem, would you make the same decision under both
parts a and b?
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