Cooper Electronics uses NPV profiles to visually evaluate competing projects. Key data for the two projects under consideration are given in the following table:

Terra Firma

Initial investment $25,000 $21,000 Year Operating cash inflows 1 $6,000 $10,000 2 $6,000 $6,000 3 $10,000 $7,000 4 $11,000 $8,000

Using these data, graph, on the same set of axes, the NPV profiles for each project using discount rates of 0%,8%,

and the IRR.