(Ignore income taxes in this problem.) The discount rate is 2%. Your Corporation is considering an investment project that will require an initial investment of $15,000 and will generate the following net cash inflows in each of the three years of the project: Year 1 Year 3 Year 5 Cash inflows.......... $8,000 $6,000 $7,000 Cash outflows........ $0 $0 $4,500 What is the net present value for this project? $496 $757 $961 $433 $670 Your Company is interest in buying a new project that will last for 6 years. The projects internal rate of return is 4%. The project will generate annual operating cash inflows of $20,000. What is the most the company should pay for the equipment needed for this project? It will have no salvage value. $104,840 $99,598 $ 15,800 $103,800 $110,082