9. ABC Corporation is considering an expansion project that will begin next year (Time 0). ABC's cost of capital is 12%. The initial cost of the project will be $250,000, and it is expected to generate the following cash flows over its six-vear life: ear $0 $0 $90,000 $90,000 $90,000 $90,000 4 What is the present value of cash inflows? a. 273,357 b. 419,742 c. 217,920 10. XYZ Corporation is considering an expansion project that will begin next year (Time 0). XYZ's cost of capital is 12%. The initial cost of the project will be $250,000, and it is expected to generate the following cash flows over its six-year life ear $0 $0 $0 $90,000 $90,000 $90,000 4 What is the present value of cash inflows? a. 216,162 b. 153,864 C. 419,742