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19. Diamond Enterprises is considering a project that will produce cash inflows of $238,000 a year for three years followed by $149,000 in year 4.

19. Diamond Enterprises is considering a project that will produce cash inflows of $238,000 a year for three years followed by $149,000 in year 4. What is the NPV and internal rate of return if the initial cost of the project is $749,000 and the discount rate is 13%? a. NPV of -$421,692 and IRR of -36.77% b. NPV of -$95,661 and IRR of 6.32% c. NPV of $111,375 and IRR of 6.32% d. NPV of $1,402,339 and IRR of Error 5

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