Firm XYZ is evaluating a multi-year project with year =0 cash flow of $1000 (investment) and a positive cash flow of $100 in year 1 growing at 3.5% per year until t=10 (values are displayed with two digits after decimal point, which will lead to a small rounding error). If the discount rate attributed to the project is 8%, what is the present value of these cash flows net of the initial (t=0) investment? (Hint: While you can use multiple present value operators to discount each cash flow and then add them up, it is more efficient to use the NPV formula in Excel.) 4573.3 229.73 718.3