Working capital and capital budgeting.

Working capital investment is 22% of the anticipated first year sales for Wally's Waffle House. The first-year sales are currently projected at $4,300,000.

The incremental cash flow (not including working capitalinvestment) is

Initial cash

outflow=$13,600,000

Cash flow years 1 through

10=$2,890,000

What is the internal rate of return of the ten-year project with working capital factored into the cash flow? What is the net present value at a 13% weighted average cost of capital? What is the maximum investment in working capital for an acceptable project with a 13% weighted average cost of capital?

What is the internal rate of return of the ten-year project with working capital factored into the cash flow?

% (Round to two decimal places.)

What is the net present value at a 13% weighted average cost of capital? Enter a negative number if the project's NPV is negative.

$ (Round to the nearest dollar.)

What is the maximum investment in working capital for an acceptable project with a 13% weighted average cost ofcapital?

$ (Round to the nearest dollar.)