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Wilkinson Inc., which has a cost of capital of 10%, invested in a project with an internal rate of return (IRR) of 12%. The project is expected to have a useful life of four years, and it will produce after-tax net cash inflows as follows: The initial cost (or initiation cash flow) of this project amounted to: (Use the Present Value table below to calculate your answer.) $11,000. $8,297. $418 $7,879. All of the following capital budgeting analysis techniques use cash flows as the primary basis for the calculation except for the: net present value. internat rate of return. accounting rate of return (ARR). payback period