ormulas & Cut Data Review View Tell n Calibri - 14 - A A Paste Copy - Wrap Text Format Painter BIU Merge & Center Clipboard Font Alignment 156 O A B D E F G Question 6a A music company is considering creating the world's largest piano. Cost and cash flow details are listed below. The company requires a 12% return on its capital. $2,452,153 a) What is the present value of the yearly cash flows? (round to nearest dollar) Cost of Prof #1#1##### Question 6b b) What is the net present value of the project? (round to nearest dollar) Yr 1 cash Fle (300,000) Yr 2 cash Fl (150,000) ($47,847 Yr 3 cash Fl 50,000 Question 6c c) What is the internal rate of return of the project? (round to two decimal places) Yr 4 cash FI 250,000 Yr 5 cash FI 800,000 11.69% Yr 6 cash Fl 1,200,000 Yr 7 cash fl 3.500,000 6 points Question 7a Two projects, Alpha and Beta, are being considered using the payback method. Each has an initial cost of $100,000