Question: The following table shows the expected cash flows from a project. There are no cash flows beyond year 4 . The cost of capital is

 The following table shows the expected cash flows from a project.

The following table shows the expected cash flows from a project. There are no cash flows beyond year 4 . The cost of capital is 7%. a. Calculate the project's NPV. Note: Do not round your intermediate calculations, Enter your answer in thousands rounded to nearest whole number. b. Calculate the economic rent in year 1 . Note: Do not round your intermediate calculations. Enter your answer in thousands rounded to 2 decimal places. Answer is complete but not entirely correct

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