Net present value method (LO12-4) The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three years.

Year Cash Flow

1 $15,000

2 $25,000

3 $40,000

The firm will also be required to spend $10,000 to close down the project at the end of the three years. If the cost of capital is 10 percent, should the investment be undertaken?

*****HOW DO I SOLVE THIS ON A TI-84 CALCULATOR?

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