NPV and IRR: Equal Annual Net Cash Inflows Winter Fun Company is evaluating a capital expenditure proposal that requires an initial investment of $66,338, has predicted cash inflows of $15,000 per year for seven years, and has no salvage value.

a. Using a discounted rate of 14 percent, determine the net present value of the investment proposal.

Use a negative sign with your answer, if appropriate.

b. Determine the proposal's internal rate of return. (Refer to Appendix 25B if you use the table approach.)

Round to the nearest percent. (Example: 0.1568 = 15%)

c. What discount rate would produce a net present value of zero?