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A project costs $12,500 to initiate. Cash flows are estimated as $2,500 a year for the first two years and $3,100 a year for the

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A project costs $12,500 to initiate. Cash flows are estimated as $2,500 a year for the first two years and $3,100 a year for the next three years. The discount rate is 11.25%. The net present value for this project is and the internal rate of return is the discount rate. Multiple Choice $2,138.52; less than O $1,800.00; more than O $2,138.52; more than $2.138.52: less than a $1,800.00; less than O

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