12 [08] Calculate the net present value (NPV) of a series of cash flows given by returns of R10 000 per year for a period of 10 years, and the discount rate required is 10%. Question 13 [06] An investment with the initial outlay of R500 000 generates five successive annual cash inflows of R75 000, R190 000, R40 000, R150 000 and R180 000 respectively. Determine the internal rate of return (IRR). V7