Problem 12-15 (Algo) Net present value method [LO12-4] The Horizon Company will invest $96,000 in a temporary project that will generate the following cash inflows for the next three years. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods Year 1 2 3 Cash Flow $ 34,000 28,000 79,000 The firm will also be required to spend $16,000 to close down the project at the end of the three years. a. Compute the net present value if the cost of capital is 11 percent Note: Negative amount should be indicated by e minus sign. Do not round intermediate calculations and round your answer to 2 decimal places. Answer is complete but not entirely correct. Net present value: 13.297.636 b. Should the investment be undertaken? Yes O No