Salt River Company is evaluating a capital expenditure proposal that has the following predicted cash flows:

Initial investment	$ (42,070)
Operation
Year 1	20,000
Year 2	30,000
Year 3	10,000
Salvage	0

(a) Using a discount rate of 14 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%