Consider a 4-year project that require $70,000 initial investment (at t=0) and generates an aftertax cash flow of $20,000; $40,000; $40,000, and $30,000 at years t=1, 2, 3, and 4 respectively. The cost of capital is 17%. Let's call it project X. Problem 14: Find NPV of the project and Find EAA (Equivalent Annual Annuity) of the project