NPV and IRR: Equal Annual Net Cash Inflows Apache Junction Company is evaluating a capital expenditure proposal that requires an initial investment of $34,520, has predicted cash inflows of $8,000 per year for 15 years, and has no salvage value. a) Using a discount rate of 16 percent, determine the net present value of the investment proposal.(Round to the nearest whole number.) $ b) Determine the proposal's internal rate of return. Round answer to the nearest whole percentage (for example, 0.34555 = 35%). 22 % c) What discount rate would produce a net present value of zero? Round answer to the nearest whole percentage (for example, 0.34555 = 35%). 22 % Check