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

methods.

a$.$ What is the net present value at a discount rate of $11$ percent?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Answer is not complete.

Net present value $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

b$.$ What is the internal rate of return?

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.

Answer is complete and correct.

c$.$ Would you make the same decision under both parts a and b$?$

multiple choice

Yes

No