Chaquille's K-House, Inc. made an investment in a project with an initial cost of $10,847,180. This investment was for 8 years and had no residual value. The company expects to receive yearly net cash inflows of $2,522,600. Management is requiring a return of 19% on the investment (Round your answers to two decimal places when needed and use rounded answers for all future calculations) 1. What is the IRR for the project? Is this a good investment? Inital Investment / Annual Net Cash Flow = Annuity PV Factor 1 Present value factor of an annuity of $1 1- (1 + r)" Annuity Factor wherer rate, and n # of periods. T Present value factor of an annuity of $1 1 - (1 + r) Annuity Factor wherer 7 rate, and n # of periods. 7 Rate Periods Annuity Factor 12% 8 14% 8 16% 8 17% 8 2. Use the rate closest to the calculated Annuity PV factor that creates a positive NPV. Chaquille's K-House, Inc. Net Cash Inflow Annuity PV Factor Present Value PV of annuity Initial Investment NPV of the Project