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(Related to Checkpoint 11.1 and Checkpoint 11.4) (NPV and IRR calculation) East Coast Television is considering a project with an initial outlay of $X (you will have to determine this amount). It is expected that the project will produce a positive cash flow of $51,000 a year at the end of each year for the next 16 years. The appropriate discount rate for this project is 7 percent. If the project has an internal rate of return of 10 percent, what is the project's net present value? a. If the project has an internal rate of return of 10%, then the project's initial outlay is $ (Round to the nearest cent.) (Related to Checkpoint 11.4) (IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $10,500 resulting in a cash inflow of $2,100 at the end of year 1,$5,200 at the end of year 2 , and $8,200 at the end of year 3 . This project's internal rate of return is %. (Round to two decimal places.) (IRR calculation) Determine the internal rate of return on the following project: An initial outlay of $10,500 resulting in a cash inflow of $2,123 at the end of each year for the next 9 years. The internal rate of return of the project is %. (Round to the nearest whole percent.)