Chapter 11 Investment Decision Criteria Question 1: A project would require an initial cash outlay of $5 million and would generate annual net cash inflows of $1 million per year for eight years. What is the project's net present value (NPV) if the discounted rate is 9%? Question 2: What is the internal rates of returm (IRR) for the project that has an initial outlay of $10,000 and a single cash inflow of $17,182 in 8 years? Question 3: What is the internal rates of return (IRR) for the project that has an initial outlay of $10,000 and a cash of year 3? inflow of $2,000 at the end of year 1, a cash inflow of $5,000 at the end of year 2, a cash inflow of $8,000 at the end