Question: Please solve it by hand and NOT using excel. Also, explain each step. Thank you Question 3 (1 point) Find the Net Present Value (NPV)

Please solve it by hand and NOT using excel.

Please solve it by hand and NOT using excel. Also, explain each step.

Thank you

Question 3 (1 point) Find the Net Present Value (NPV) of a project that has cash flows of -10000 in Year 1 (that is the END of year 1, so it needs to be discounted), 3944 in Year 2, 4903 in Year 3, -1600 in Year 4, 6920 in Year 5, 5544 in Year 6, and 5500 in Year 8. (All cash flows are at the end of the year). Use an interest rate of 5%. Give your answer accurate to 3 decimal places. Your

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