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 $59,000 a year at the end of each year for the next 16 years. The appropriate discount rate for this project is 11 percent. If the project has an internal rate of return of 13 percent, what is the project's net present value? If the discount rate is 11 percent, then the project's NPV is $