hw8?6

(Related to Checkpoint 11.1 and Checkpoint 11.4) (NPV and IRR calculation) 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 $44,000 a year at the end of each year for the next 16 years. The appropriate discount rate for this project is 9 percent. If the project has an internal rate of return of 12 percent, what is the project's net present value? a. If the project has an internal rate of return of 12%, then the project's initial outlay is (Round to the nearest cent)