o (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 SX (you will have to determine this amount). It is expected that the project will produce a positive cash flow of $47.000 a year at the end of each year for the next 16 years. The appropriate discount rate for this project is 7 percent. If the project has an internal rate of return of 10 percent, what is the project's net present value (Round to the nearest cent) a. If the project has an internal rate of return of 10%, then the project's initial outlay is s b. If the discount rate is 7%, then the project's NPV is $(Round to the nearest dollar)