Northwest Industries is considering a project with the following cash flows: Initial Outlay = $2,800,000 After-tax operating cash fl ows for years 1-4 = $850,000 per year Additional after-tax terminal cash fl ow at end of Year 4 = $125,000 Compute the net present value of this project if the companys discount rate is 14%. a. $239,209 b. $725,000 c. -$138,561 d. -$249,335 Compute the payback period for a project with the following cash flows received uniformly within each year: Initial Outlay = $100 Cash Flows: Year 1 = $40 Year 2 = $50 Year 3 = $60 a. 2.17 years b. 3 years c. 4 years d. 3.17 years