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The Horizon Company will invest $90,000 in a temporary project that wil generate the folowing cash inflows for the ned three years Use Appendix B

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The Horizon Company will invest $90,000 in a temporary project that wil generate the folowing cash inflows for the ned three years Use Appendix B for an approaimate answer bot cakculate your final answer using the formula and financial cakulator methods Year Cash Flow $28.000 25.000 70,000 3 The firm will also be required to spend $13.000 to close down the project at the end of the three years a. Compute the net present value if the cost of captal is 11 percent (Negative amount should be indicated by a minus sign. Do not round intemediate caieulations and reund your answer to 2 decimal places.) 2,805.00 Net present value 2 decimal places required b. Shouid the investment be undertaken? No dres ellook & Resourcs. References Hints 900 M w14/2019 e Type here to search

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