The net cash flows from an investment project are $-15,000 in the first year, $ -11,000 in

Question:

The net cash flows from an investment project are $-15,000 in the first year, $ -11,000 in the second year, $5,000 in the third year, $1,800 in the fourth year, $7,000 in the fifth year, $6,400 in the sixth year, $4,300 in the seventh year, and $6,200 in the eighth year. Compute the NPV of this project at the following interest rates: 2 percent, 5 percent, and 8 percent.