Problem $12-17($Algo$)$ Net present value and internal rate of return methods $[$LO$12-4]$

The Hudson Corporation makes an investment of $$44,400$ that provides the following cash flow:

Use $A{p}_p$ endix B and $A{p}_p$endixDforanappro$mateanswerbutcalculateyourfinalanswerusingtheforlaandfinancialc{a}_{?}$

methods.

a$.$ What is the net present value at a discount rate of $12$ percent?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Net present value

b$.$ What is the internal rate of return?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.