If a project has an initial outlay of $40,000 and cash flows of $11,000 per year for the next 5 years, what is the IRR of this project? (Answer to the nearest tenth of a percent, eg. 12.3) Suppose a company has proposed a new 4-year project. The project has an initial outlay of $35,000 and has expected cash flows of $6,000 in year 1, $10,000 i year 2 $10,000 in year 3, and $12,000 in year 4. The required rate of return is 12% for projects at this company what is the profitability index for this project? (Answer to the nearest hundredth, e.g. 1.23)