Suppose that X Company acquired machine at 200000 with 5-year useful life. And the expected cash flows as follow: 70000 for year one, 55000 for year two, 89000 for year three, 77000 for year four, and 67000 for year five. The required rate of return is 0.09. The GPI beginning = 100 & GPl-ending = 130. Under the current purchasing power accounting model the fair market value of project on the beginning of the first year is 272371. a. a False b. True