Outlook 2:06 PM more @ 60% 44. A project has an initial cost of $50,000. The incremental inflows associated with the project are $20,000 in year one, $15,000 in years two and three, and S10,000 in year four. All cash inflows are at the end of the year. The appropriate discount rate for this project is 11%. What is the project's IRR? a. 3.68% b. 6,83% c. 8.64% d. 11.00% 45. What is the relevant initial cash outflow of the following project for capital budgeting analysis purposes? Equipment cost $100,000 Installation $20,000 Delivery $3,000 Consultant fees for suitability study $15,000 Change in operating expenses $5,000/year a. $120,000 b. $128,000 c. $138,000 d. $123,000 46. What is the relevant initial cash outflow for the following project? Equipment cost Installation Cash increase needed Inventory increase needed Accounts payable increase a $58,000 b. $62,000 c. $55,000 d. $60,000 $50,000 $ 5,000 $ 2,000 $ 3,000 $ 2,000 47. The relevant cash flows in capital budgeting can best be described as: a. incremental after-tax net income b. incremental cash flows cyternalityrash flows