NO EXCEL $11-8($Calculating NPV and IRR$)($Related to Checkpoint $11\mathrm{.}1$ on page $367)$ East Coast Television is considering a project with an initial outlay of $X $($you will have to determine this amount$).$ It is expected that the project will produce a positive cash flow of $$50,000$ at the end of each year for the next $15$ years. The appropriate discount rate for this project is $10$ percent. If the project has a $14$ percent IRR, what is the project's NPV$?$