Exercise A-12 (Algo) Present Value of Cash Flows Star City is considering an investment in the community center that is expected to return the following cash flows. Use Exhabit A. 8 . This schedule includes all cash inflows from the project, which will also require an immediate $218,000 cash outlay. The city is taxexempt; therefore, taxes need not be considered. Required: a. What is the net present value of the project if the appropriate discount rate is 25 percent? b. What is the net present value of the project if the appropriate discount rate is 12 percent? Complete this question by entering your answers in the tabs below, What is the net present value of the project if the appropriate discount rate is 25 percent? (Round PV factor to 3 decima) places. Negative amount should be indicated by a minus sign.) Required: a. What is the net present value of the project if the appropriate discount rate is 25 percent? b. What is the net present value of the project if the appropriate discount rate is 12 percent? Complete this question by entering your answers in the tabs below. What is the net present value of the project if the appropriate discount rate is 12 percent? (Round pV factor to 3 decimal places.)