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A project requires an initial investment today of $101,914.00. The project will last three years. However, the company believes that the risk involved with the

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A project requires an initial investment today of $101,914.00. The project will last three years. However, the company believes that the risk involved with the project will increase over its life, so they would like a greater return for later cash flows. The table below shows the projected cash flows and the discount rates required for the project. Year Cash flow $101,914.00 $54,411.00 $47,473.00 $48,089.00 Discount rate 0 2 3 8.00% 12.00% 17.00% What is the NPV of this project

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