Mode Publishing is considering a new printing facility that will involve a large initial outlay an then result in a series of positive cash flows for 4 years. The estimated cash flows associated with this project are: YEAR Project cash 0(initial outlay) ? 1 $800 million 2 $400 million 3 $300 million 4 $500 million ___________________________________________________________________________ _ If you know that the project has a regular payback of 2.5 years and new-projects WACC is 18 percent, what is a) the initial outlay (5%) b) the profitability index (PI)? (5%) c) the internal rate of return (IRR)? (5%)