Questions 20 and 21 use the following facts: Assume XYZ Company is considering a project where capital costs will be $1,200,000.00 with a salvage value of 100,000. The project will require 150,000.00 in working capital. Cash flows will be 313,000.00 the first year 425,000.00 the second year and 675,000.00 the third year this investment is of average risk for XYZ and the WACC is 7%. Not considering taxes. 20. What is the NPV 135,264.00 B. 53,634.32 C68, 810.00 D. 213,000.00 E. 218,810.00 21. If the tax rate 35% what would the NPV be? A. 28,570.00 B. 40,240.00-82,204.32 D 163,834.00 E. 67,794.00 22. If a company has an IRR of 7% and a profitability index of I. The project has a lifespan of3 Years and cash flows each year are 125,000.00 what are the initial costs? 325,000-3500 C 35000-375,000 E.none of the a c, 350,000-375,000 D. O E, none of the above B. 1