Unequal Annual Net Cash Inflows Salt River Company is evaluating a capital expenditure proposal that has the following predicted cash flows: Initial investment $(46,420) Operation Year 1 20,000 Year 2 20,000 Year 3 20,000 Salvage 0 (a) Using a discount rate of 10 percent, determine the net present value of the investment proposal. (Round to the nearest whole number.) Answer: (b) Determine the proposal's internal rate of return. (Round to the nearest whole percentage.)