Calculate the net present value (NPV) for the following twenty-year projects. Comment on the acceptability of each. Assume that the fi rm has an opportunity cost of 14 percent. a. Initial cash outlay...

Calculate the net present value (NPV) for the following twenty-year projects. Comment on the acceptability of each. Assume that the fi rm has an opportunity cost of 14 percent. a. Initial cash outlay is $15,000; cash infl ows are $13,000 per year. b. Initial cash outlay is $32,000; cash infl ows are $4,000 per year. c. Initial cash outlay is $50,000; cash infl ows are $8,500 per year.