1. Olivia has been asked to evaluate a project. The project is estimated to have a first cashflow of $120k, which will occur one year from today. The cashflows will increase by 4% per year for 4 additional years. After that point, the cashflows will remain the same for 5 years. The upfront cost to take the project is $950k, and the appropriate annual discount rate is 6%. What is the project's NPV