Related to Checkpoint 1 1.1 and Checkpoint 11 4 N V and IRR calculation East Coast Tele s on ls considering a project with an initial outlay of $X you will have to determine this amount). t is expected that the project will produce a positive cash flow of $55,000 a year at the end of each year for the next 14 years. The appropriate discount rate for this project is 9 percent. If the project has an internal rate of return of 12 percent, what is the project's net present value? a. If the project has an intemal rate of retum of 12%, ten the project's initial outlay is $| |. (Round to the nearest cent.) b. If the discount rate is 996, then the project's NPV is$ (Round to the nearest dollar