11. A company is contemplating an investment project of 4 years with an initial outlay of

`30,000. The cash inflows estimated from the project are `7,500, `10,000, `7,500, and

`9,000. The estimated rates at which the above cash flows will be reinvested are:

Year End 1 2 3 4 Reinvestment Rate (%) 8 9 10 9 The cost of capital is 10% p.a. Analyze the viability of the project under terminal value method.