The parts a), b), and c) below are independent questions which do not relate to each other. v A company is considering investing in Project X. The project requires an initial investment of $780,000 and is expected to generate $23,000 in one year, $45,000 in 2 years, and $182,000 at the end of each year from the end of year 5 to the end of year 13 inclusive. The cost of capital is 10% p.a. effective.