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
Chapter1: Financial Statements And Business Decisions
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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%2F0d806935-4643-43c0-a6dc-fc5aafbc7ad2%2Fb614a686-e9f3-49fa-bb6f-d34960faa445%2Fti9wqui_processed.png&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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