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 $X (you will have to determine this amount). It is expected that the project will produce a positive cash flow of $50,000 a year at the end of each year for the next 15 years. The appropriate discount rate for this project is 10 percent. If the project has an internal rate of return of 14 percent, what is the project's net present value? C a. If the project has an internal rate of return of 14%, then the project's initial outlay is $. (Round to the nearest cent.)