Problem 11-13 Economic Rents The following table shows the expected cash flows from a project. There are no cash flows beyond year 4 . The cost of capital is 7%. a. Calculate the project's NPV. Note: Do not round your intermediate calculations. Enter your answer in thousands rounded to nearest whole number. b. Calculate the economic rent in year 1 . Note: Do not round your intermediate calculations. Enter your answer in thousands rounded to 2 decimal places