Star City is considering an investment in the community center that is expected to return the following cash flows: Use Exhibit A8 Net Cash Flow $ 23,000 53,000 83,000 83,000 2 4 This schedule includes all cash inflows from the project, which will also require an immediate $203,000 cash outlay. The city is tax-exempt; therefore, taxes need not be considered. Required a. What is the net present value of the project if the appropriate discount rate is 22 percent? (Round PV factor to 3 decimal places. Negative amount should be indicated by a minus sign.) Answer is complete but not entirely correct. $ 27,254 b. What is the net present value of the project if the appropriate discount rate is 12 percent? (Round PV factor to 3 decimal places. Negative amount should be indicated by a minus sign.) Answer is complete but not entirely correct. presen 30,058