jack Limited will invest $60,500 in a project. The company's cost of capital is 6 percent. The investment will provide the following inflows: (Use a Financial calculator/Excel to arrive at the answers.)

1	$16,000
2	18,000
3	22,000
4	26,000
5	30,000

The IRR is 12 percent.

a. If reinvestment is assumed at the cost of capital rate, what will be the total value of the inflows after five years? (Assume the inflows come at the end of each year.) (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.)

Total value of inflows =

b. If the reinvestment is assumed at the internal rate of return, what will be the total value of the inflows after five years? (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.)

Total value of inflows =