These two questions go together

What is the value for CFO, the initial outlay, for the project detailed below? A firm is deciding if it should pursue a new 5-year project that requires an initial outlay of $750,000 for construction and equipment, with no salvage value. Additional working capital investment of $40,000 is also required at the start of the project, which will be recovered by the firm at the project's conclusion. After conducting market research 6 months ago at a cost of $75,000, the firm expects after-tax cash flows of the new project to remain level at $150,000 per year for 5 years. The firm's cost of capital is 7.5%. a) -$750,000 b) -$790,000 c) -$865,000 d) -$825,000 X What is the value for CF5, the final cash flow in year 5, for the same project as the previous question (repeated below)? A firm is deciding if it should pursue a new 5-year project that requires an initial outlay of $750,000 for construction and equipment, with no salvage value. Additional working capital investment of $40,000 is also required at the start of the project, which will be recovered by the firm at the project's conclusion. After conducting market research 6 months ago at a cost of $75,000, the firm expects after-tax cash flows of the new project to remain level at $150,000 per year for 5 years. The firm's cost of capital is 7.5%. a) $150,000 b) $225,000 c) $190,000 d) $110,000