Calculate:

• Determine the NPV for the Electrobicycle project. Use the annual project cash flow from the table above. For the required rate of return, use the percent value from your birthday date. For example, if your birthday falls on the 16th of the month, the required rate of return would be 16%.
  • For guidance, review Section 7.1 of the textbook, NPV Example: The Pizza Scooter Delivery Project Revisited.

	Today	Year 1	Year 2	Year 3	Year 4	Year 5
Annual Project Cash Flow	($3000)	($300)	$300	$500	$800	$4000

NPV = -3000 300/ (1.12) + 300/ (1.12) + 500/ (1.12) + 800/ (1.12) + 4000/ (1.12)

My birthday is the 12th of the month. Can I get help with this equation?