The Hudson Corporation makes an investment of $29,400 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	Cash Flow
1		$ 14,000
2		14,000
3		8,000

a.	What is the net present value at a discount rate of 6 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

%