East Coast Television is considering a project with an initial outlay of $X (you will have to determine this amount). It is expected that the project will produce a positive cash flow of $53,000 a year at the end of each year for the next 14 years. The appropriate discount rate for this project is 8 percent. If the project has an internal rate of return of 10 percent, what is the project's net present value? a. If the project has an internal rate of return of 10%, then the project's initial outlay is $ ? (round to the nearest cent)