(Related to Checkpoint 11.1 and Checkpoint 11,4) (NPV and IRR calculation) East Coast Television is considering a project with an initial outlay of SX (you will have to determine this amount) it is expected that the project will produce a positive cash flow of 552,000 a year at the end of each year for the next 13 years. The appropriate discount rate for this project is 9 percent of the project has an internal rate of retum of 11 percent what is the project's not present value? a. If the project has an internal rate of return of 11%, then the project's initial outlay is $(Round to the nearest cent)