3) You wish to consider an investment project with the following cash flows: $500,000 is invested at t = 0. An additional $1,000,000 is invested at t= 2. The project returns level cash flows of $200,000 at t = 5, 6, ..., 14. The project also returns a single cash flow of $750,000 at t = 15. a) Calculate the Net Present Value of this project if the annual effective interest rate is 4%. (3 points) b) Calculate the Internal Rate of Return of this project. (3 points) Note: Show all inputs you use on the financial calculator