QUESTION 7 Weston Engineering has assigned a discount rate of 14 percent to a new project that has an initial cost of $290,000 and cash flows of $106,000, 5142,000, and $187,000 for Years 1 to 3, respectively. What is the net present value of this project? $40,178.27 $38,466.52 $36,429.53 $34,833.69 $32.947.30 QUESTION 8 Weston Engineering has assigned a discount rate of 14 percent to a new project that has an initial cost of $290,000 and cash flows of $106,000, $142,000, and $187.000 for Years 1 to 3, respectively. What is the IRR of this project? 17.42% 18.85% 19.73% 21.03% 20.46%