Use the information provided below to answer questions 23 to 25. The projected annual net cash flows associated with an investment opportunity are shown below in Table 5. The expected rate of return on the investment is 12%. Year Future Cash flows 220 000 250 000 300 000 1 2 3 4 Question 24 A R859 028 B R902 575 C R838 510 D R866 704 200 000 5 180 000 Table 5: Annual net cash flows of the investment opportunity. Question 23 Question 25 Discount factor Determine the missing values represented by K, L, M, and N in Table 5. A K = 0.8929; L = R196 438; M = 0.7118 and N = R213 540 BK = 0.9009; L = R198 198; M = 0.7312 and N = R219 360 CK=0.9174; L = R201 828; M = 0.7722 and N = R231 660 D K = 0.8929; L = R196 438; M = 0.7722 and N = R231 540 K 0.7972 A R811 490 B R850 000 M Calculate the total present value of the net cash flows from the investment opportunity. C R848 510 D R860 000 0.6355 0.5674 Present Values If the Net Present Value of the investment opportunity is an unfavourable R11 490, what is the initial outlay? L 199 300 N 127 100 102 132