Determine the NPV or Net Present Value of the investment of ABC Corporation.

The following are the details: 1.Cash investment of P8,000,000.00. This will be paid at the beginning of the year.

2. Cash flows are expected at P1,000,000.00 for first two years and expected to increase by P10% every other two years.

3. The life of the asset is 10 years

it did not provide the discount rate

10% discount rate