$51.40 QUESTION 3 Project X costs $1,200, its expected net cash inflows are $400, $425, $450 and $475 per year ($400 the first year, $425 the second, $450 the third year and $475 the fourth year), and its WACC is 14 %. What is the project's NPV? $60.34 $61.15 $62.89 $63.47 QUESTION 4 Project X costs $500, its expected net cash intlows are $150, $200 and $300 per year, ($150 first year, s200 second year and $300 third yeary ts WACC is 10 %. What is the project's payback? 2.03 years 2.25 years 2.50 years 2.75 years