The following cash flows (in $000) are estimated for a business investment where $35,000 is initially invested.

Year	Cash Flow
0	-35
1	0
2	3
3	7
4	8
5	10
6	12

a. Calculate the net present value of this investment using a discount rate of 8%.

b. If other investment alternatives could earn 8%, should the investment described in the problem be undertaken?

c. Calculate the actual internal rate of return of this investment.