NPV and IRR: Unequal Annual Net Cash Inflows Assume that Goodrich Petroleum Corporation is evaluating a capital expenditure proposal that has the following predicted cash flows: Initial Investment $(45,880) Operation 15,000 Year 1 Year 2 Year 3 25,000 Salvage a. Using a discount rate of 10 percent, determine the net present value of the investment proposal. $ 0 b. Determine the proposal's internal rate of return. (Refer to Appendix 128 if you use the table approach.) Round to the nearest percent. (Example: 0.15268 = 15%) 0% Check