Cooper Electronics uses NPV profiles to visually evaluate competing projects. Key data for the two projects under consideration are given in the following table:

Using these data, graph, on the same set of axes, the NPV profiles for each project using discount rates of 0%, 8%, and the IRR

Initial investment Year 1 Terra Firma $29,000 $28,000 Operating cash inflows $9,000 $7,000 $12,000 $12,000 $9,000 $9,000 $10,000 $12,000 2 3 4