The Hudson Corporation makes an investment of $23,850 that provides the following cash flow:

Year Cash Flow

1 $13,000

2 13,000

3 1,000

a.What is the net present value at a discount rate of 2 percent?(Do not round intermediate calculations and round your answer to 2 decimal places.)

Net Present Value: ?

b.What is the internal rate of return?(Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Internal Rate of Return: ? %