Present value of an ordinary annuity of $1 Period 1 2 3 99% 0.91743 1.75911 2.53129 3.23972 3.88965 10% 0.90909 1.73554 2.48685 3.16987 3.79079 11% 0.9009 1.71252 2.44371 3.10245 3.6959 Year 1 Year 2 Year 3 Net Cash Flow $40,000 $40,000 $40,000 What is the net present value of this investment if 11% is the hurtle rate and should this investment be chosen? You must show your computation (NOT ON SCRAP PAPER) in order to receive credit, no partial credit given. Present value of an ordinary annuity of $1 Period 1 2 3 99% 0.91743 1.75911 2.53129 3.23972 3.88965 10% 0.90909 1.73554 2.48685 3.16987 3.79079 11% 0.9009 1.71252 2.44371 3.10245 3.6959 Year 1 Year 2 Year 3 Net Cash Flow $40,000 $40,000 $40,000 What is the net present value of this investment if 11% is the hurtle rate and should this investment be chosen? You must show your computation (NOT ON SCRAP PAPER) in order to receive credit, no partial credit given