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? What is this project's modified internal rate of return? Now draw (for yourself) a chart where the discount rate is on the horizontal axis (the "x" axis) and the net present value on the vertical axis (the Y axis). Plot the net present value of the project as a function of the discount rate by dots for the four discount rates. Connect the four points using a free hand 'smooth' curve. The curve intersects the horizontal line at a particular discount rate. What is this discount rate at which the graph intersects the horizontal axis?