Chelmsford has assigned a discount rate of 13.5 percent to a new project that has an initial cost of $402,000 and cash flows of $X, $180,000, and $204,000 for Years 1 to 3, respectively. The project's NPV is 29,460.03. What is the project's cash flow for Year 1 (i.e., the value of x)? QUESTION 4 Marshall Manufacturing has assigned a discount rate of 13.5 percent to a new project that has an initial cost of $365,000 and cash flows of $157,000, $168,000, and $191,000 for Years 1 to 3, respectively. What is the net present value of this project? $40,500.29 $38,197.02 $36,725.81 $34,368.85 $32,648.51