(Related to Chnekpoint 11,1 and checknolnt 11.4) (NPV and IRR calculation) East Coast Televison is considoring a project with an initi outay of 5 (you will have to determine this amount) It is expected that the project will produce a positive cath fow of $40, ooo a year at the ond of adeh ynar for the next 16 years. The appropriate discount rate for this project is 8 peecent if the projoct has an intemal rate of return of 13 peecent, what is the project's het present value? a. If the project has an internal rate of return of 13 W. then the projoct's intial outlay is 3 (Found to the fleareat cent)