The Hudson Corporation makes an investment of $31,460 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		$15,000
2		15,000
3		9,000

a. What is the net present value at a discount rate of 7 percent? (Do not round intermediate calculations and round your answer to 2 decimal places.) b. What is the internal rate of return? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) c. Would you make the same decision under both parts a and b?

	Yes
	No