can you explain this example please

i didnot understand how he got the terminal value

can you show me how he eslove it step by step please

Project having a $3-$year life and a required rate of return of $10$ percent with the

following free cash flows:

Step $1$: Determine the $PV$ of the project's free cash outflows; $$6,000$ is

already at the present.

Step $2$: Determine the terminal value of the project's free cash inflows.

To do this, use the project's required rate of return to calculate the

$FV$ of the project's three cash inflows.

They turn out to be $$2,420+$$$3,300+$$$4,000=$$$9,720$ for the

terminal value.

Step $3$: Determine the discount rate $($ solve for $\frac{\text{I}}{Y})$ that equates the $PV$

of the terminal value and the $PV$ of the project's cash outflows.