(Related to Checkpolint 11,1 and Checkpoint 11.4) (NPV and IRR calculation) East Coast Television is...

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(Related to Checkpolint 11,1 and Checkpoint 11.4) (NPV and IRR calculation) East Coast Television is considering a project with an initisl outlay of 5 (you will have to determine this amoum). It is expected that the projoct wil produce a positive cash flow of $40.000 a year at the end of each year lor the next 16 years The appropriate discount rale for this project is 7 percent. if the project has an intemal rate of return of 10 percent, what is the projects bet pretent value? a. Ht the project has an internal rate of return of 10%, then the projects initiat ouflay is 5 (Round to the nearest cent)

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