A company is considering a project that requires an immediately outlay of $105,000. The project will generate cash flows of $45,000, $51,000, and $57,000 in years 1, 2, and 3, respectively. The WACC is 12%. What is the project's NPV? $17,810.72 $15,373.56 $13,257.48 $11,406.93 $16,406.93 QUESTION 13 A company has a management contract with its newly hired president. The contract requires a lump sum payment of $5.5 million to be paid to the president upon the completion of his first five years of service. The company wants to set aside an equal amount of funds each year to cover this anticipated cash outflow. The company can earn 5.8% on these funds. How much must the company set aside each year for this purpose? $992,346 $979,584 $935,218 $896,484 $866,178