Q5.29. A project has cash flows of +$100 (now at time 0), and -$100, +$100, and -$100 at the end of consecutive years. The interest rate is 6% per annum. 1. What is the project's NPV? 2. How does the value change if all cash flows will occur one year later? 3. Repeat these two questions, but assume that the one-year (annualized) interest rate is 5%, the two- year is 6%, the three-year is 7%, the four-year is 8%, and so on.