Minden Company Solution 1a. Net present value = -41600 + 14000*(Annuity factor) Net present value = -41600 + 14000*(1-1/1.11^7)/11%= $ 24371 1b. Yes 2. For IRR, NPV=0 -158860 + 20000*(1-1/(1+IRR)^12)/IRR%=0 IRR = 7.00% Internal rate of return 7% 3a. For IRR, NPV=0 -14604 + 3000*(1-1/(1+IRR)^7)/IRR%=0 IRR = 10% 3b. No .