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Anderson International Limited is evaluating a project inErewhon. The project will create the following cash flows:YearCash Flow0–$1,275,0001435,0002505,0003415,0004345,000All cash flows will occur in Erewhon and are expressed indollars. In an attempt to improve its economy, the Erewhoniangovernment has declared that all cash flows created by a foreigncompany are “blocked” and must be reinvested with the governmentfor one year. The reinvestment rate for these funds is 4percent.If Anderson uses a required return of 11 percent on thisproject, what are the NPV and IRR of the project? (Anegative answer should be indicated by a minus sign. Do not roundintermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16. Enter your IRR as a percent.)