Problem 12-17 (Algo) Net present value and internal rate of return methods [LO12-4] The Hudson Corporation makes an investment of $57,640 that provides the following cash flow: Year 1 2 3 Cash Flow $ 29,000 29,000 8,000 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 3 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Net present value
Problem 12-17 (Algo) Net present value and internal rate of return methods [LO12-4] The Hudson Corporation makes an investment of $57,640 that provides the following cash flow: Year 1 2 3 Cash Flow $ 29,000 29,000 8,000 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 3 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places. Net present value
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![Problem 12-17 (Algo) Net present value and internal rate of return methods [LO12-4]
The Hudson Corporation makes an investment of $57,640 that provides the following cash flow:
Year
1
2
3
Cash Flow
$ 29,000
29,000
8,000
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 3 percent?
Note: Do not round intermediate calculations and round your answer to 2 decimal places.
Net present value](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8771d05f-3c45-48be-8d0e-809c2e60f545%2F0caaf61d-a083-4b45-be26-d55b7d308e53%2Frn4kurk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 12-17 (Algo) Net present value and internal rate of return methods [LO12-4]
The Hudson Corporation makes an investment of $57,640 that provides the following cash flow:
Year
1
2
3
Cash Flow
$ 29,000
29,000
8,000
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 3 percent?
Note: Do not round intermediate calculations and round your answer to 2 decimal places.
Net present value
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