Persistence (50 points) 6. Choose which cash flows should be incorporated into the project's forecast and explain why or why not. 7. Produce projected capital budgeting cash flow statement for Persistence project by including the following a. Project's initial investment outlay (year 0) b. Project's net operating cash flows c. Project's terminal net cash flow (2018) 8. Estimate the project's net present value, payback and internal rate of return 9. Does Persistence appear attractive from a quantitative standpoint? 10. Base on the calculated payback period, net present value and internal rate of return for each project, which project looks better for New Balance shareholders?