Assume the cost of capitao is 10%, what is the NPV of this new project?

14. Texas Utensils is considering a new project, which would cost $350,000 initially and would generate cash flows of $56,000, starting from next year until forever. Which of the following statements about the IRR is true? O The IRR of the project is 16%. The IRR of the project is infinitely large since the cash flows would last forever. O The IRR of the project can't be determined without knowing the cost of capital for the project. The IRR of the project is 8%