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	$(53,370)
Operation
Year 1	20,000
Year 2	40,000
Year 3	10,000
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 %

need right answers only