a. Consider the project with the following expected cash flows:

Year	Cash flow
0	-$400,000
1	$100,000
2	$120,000
3	$850,000

• If the discount rate is 0%, what is the project's net present value?
• If the discount rate is 2%, what is the project's net present value?
• If the discount rate is 6%, what is the project's net present value?
• If the discount rate is 11%, what is the project's net present value?
• With a cost of capital of 5%, what is this project's modified internal rate of return?