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The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three years, Use Appendix B

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The Horizon Company will invest $60,000 in a temporary project that will generate the following cash inflows for the next three years, Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. The firm will also be required to spend $15,000 to close down the project at the end of the three years. a. Compute the net present value if the cost of capitat is 9 percent. Note: Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places. b. Should the investment be undertaken? No Yes

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