Consider the following project's after-tax cash flow and the expected annual inflation rates during the project period. a) Convert the cash flows in actual dollars into equivalent constant dollars with the base year 0. (complete the table for constant dollars cash flow) b) If the annual real interest rate is 15%, what is the present worth of the cash flow? Is this project acceptable? Final answer section (b): Constant dollars cash flow year amount 0 actual cash flow year amount 0 - $295,000 1 $ 95,000 2 $ 45,000 3 $ 250,000 4 $ 30,000 5 $ 50,000 2 3 4 5 year 2 Inflation rate 8% 2% 2% 2% 6% 3 4 5