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NPV and IRR: Unequal Annual Net Cash Inflows Salt River Company is evaluating a capital expenditure proposal that has the following predicted cash flows: Initial

NPV and IRR: Unequal Annual Net Cash Inflows Salt River Company is evaluating a capital expenditure proposal that has the following predicted cash flows:

Initial investment $(70,570)
Operation
Year 1 30,000
Year 2 40,000
Year 3 20,000
Salvage 0

(a) Using a discount rate of 12 percent, determine the net present value of the investment proposal. (Round to the nearest whole number.) $ Answer

(b) Determine the proposal's internal rate of return. (Round to the nearest whole percentage.) Answer %

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