A company pursues a cost-cutting initiative that costs $18,000 to implement. Thereafter, the initiative reduces after-tax costs by $3,500 per year perpetually. The project financing rate is 15.2% compounded annually. Find the project's net present value. $9,591 $8,719 $4,277 $11,605 $5,026 Question 2 (1 point) Saved The company buys an asset that costs $32,700 and returns net cash flow of $2,800 per year for 6 years, followed by $3,500 per year for 6 additional years. Find the asset's internal rate of return. 2.8% 05.4% 4.9%