1. (NPV and IRR? calculation)East Coast Television is considering a project with an initial outlay of?...

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1. (NPV and IRR? calculation)East Coast Television isconsidering a project with an initial outlay of? $X (you will haveto determine this? amount). It is expected that the project willproduce a positive cash flow of $55,000 a year at the end of eachyear for the next 16 years. The appropriate discount rate for thisproject is 9 percent. If the project has an internal rate of returnof 12 ?percent, what is the? project's net present? value?
a. If the project has an internal rate of return of 12?%, thenthe? project's initial outlay is $ (Round to the nearest?cent.)?????
b. If the discount rate is 9%, then the? project's NPV is%(Round to the nearest? dollar.)?

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Part aNet present valueInitial cash outflow Present value offuture cash flowsInternal rate of return IRR is the rate at which the net presentvalue00Initial cash outflow Present value of future cashflowsInitial cash outflowPresent value of future cash flowsGiven that the project will produce a positive cash flow of 55000a year at See Answer

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1. (NPV and IRR? calculation)East Coast Television isconsidering a project with an initial outlay of? $X (you will haveto determine this? amount). It is expected that the project willproduce a positive cash flow of $55,000 a year at the end of eachyear for the next 16 years. The appropriate discount rate for thisproject is 9 percent. If the project has an internal rate of returnof 12 ?percent, what is the? project's net present? value?a. If the project has an internal rate of return of 12?%, thenthe? project's initial outlay is $ (Round to the nearest?cent.)?????b. If the discount rate is 9%, then the? project's NPV is%(Round to the nearest? dollar.)?