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

Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Year Cashflow 1 $13,000 2 $13,000 3 $1,000

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.) $_________________

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