Je previously used the NPV function to find the present value of unequal cash flows. Remember that we wafned you that NpV function is different from net present value? Net. resent value means: The present value of all outlows, plus the present value of all inflows Suppose we have a project with the following cash flows and required return. What is the NPV of the project? When we use the terminologr of NPV in this class, we mean net present value, not the functon. If we mean the function, we will wa NPV furction. Maximum payback (years): 3. The arbitrary cutoff date In the first method, we will calculate the cumulative cash flows for the project by simply adding the cash flows each year as follows: n the first method, we will calculate the cumulative cash flows for the project by simply adding the cash flows each Accept or reject