Needed help with questions 50 & 51

me Greasy Spoon Restaurant is considering a project with an initial cost of $525,000. The project ueil not produce any cash flows for the first three years, Starting in year 4,the project will producoe cash inflows of $721,000 a year for three years. This project is risky, so the firm has assigned it a discount rate of 16 percent.What is the project's net present value? A. $417.294.85 B. $424,591.11 C. $451,786.86 D. $492,255.56 E. $512,408.23 51. Empire Industries is considering adding a new product to its lineup. This product is expected to generate sales for four years after which time the product will be discontinued. What is the projects net present value if the firm wants to earn a 13 percent rate of return? Year 2 3 4 -$62,000 16,500 23,800 27,100 23.300 A. $3,505.52 B. $3,767.24 C. $4,312.65 D. $4,519.58 E. $4,902.71