QUESTION B) IF THE DISCOUNT RATE IS 8%, WHAT IS THE PROJECTS NPV?

Score: 0 of 1 pt 6 of 8 (4 complete HW Score: 0%, 0 of 8 pts X P11-8 (similar to) Question Help 0 (Related to Checkpoint 11.1 and Checkpoint 11.4) (NPV and IRR calculation) East Coast Television is considering a project with an initially of SX lyou will have to determine this amount). It is expected that the project will produce a positive cash flow of 553,000 a year at the end of each year for the next 14 years. The appropriate discount rate for this project is 8 percent of the project has an internal rate of retum of 11 percent, what is the project's not present value? 2. If the project has an internal rate of rotum of 11%, then the projects initial outlay in 8) (Round to the nearest cent) Enter your answer in the answer box and then click Check Answer Check An Clear Al remaining