XYZ Ltd. is a building construction company, intending to undertake a new project, required 395,875 of initial investment. The cost of capital for this project is estimated at 8% per annum. A consultant of XYZ Ltd. has come up with the following cash flow projections: Cash flows/Years 2021 2022 2023 Cash inflows () 12,560 52,960 110,250 Cash outflows () 22,980 41,670 52,450 2024 2025 2026 210,000 252,000 301,250 76,760 98,000 104,950 As the Finance Director of XYZ Ltd., you are required to: a) Appraise the proposed project using the Net Present Value (NPV) technique. b) Comment on the results.