NPV and IRR:Unequal Annual Net Cash InflowsSalt River Company is evaluating a capital expenditure proposal that has the following predicted cash flows:
June 7th, 2024
NPV and IRR:Unequal Annual Net Cash InflowsSalt River Company is evaluating a capital expenditure proposal that has the following predicted cash flows:Initial investment$(53,370)OperationYear 120,000Year 240,000Year 310,000Salvage0(a) Using a discount rate of 12 percent, determine the net present value of the investment proposal. (Round to the nearest whole number.)$ Answer(b) Determine the proposal’s internal rate of return. (Round to the nearest whole percentage.)Answer%