How do you find the present value discount factor and the present value of cash flows from the information provided?

Cash Flow Information Initial Investment $1,931,400 Working Capital $38,000 Salvage Value Expected Project Life (Years) 8 Year #1 Year #2 Year #3 Year #4 Year #5 Year #6 Year #7 Year #8 Net annual operating cash flows $320,000 $384,000 $480,000 $565,000 $685,000 $531,000 $424,700 $340,000 Investors Cost of Capital (Required Return) 80.0% End of End of End of Today End of Year End of Year End of Year Year Year Year End of Year End of Year 0 2 3 4 5 6 8 Initial Investment $1,931,400 ...... Net annual operating cash flows S320,000 $384,000 $480,000 $565,000 S685,000 $531,000 S424,700 $340,000 Working Capital $38,000 Salvage value of equipment Total Net Cash Flows x present value discount factor Present Value of Cash Flows Net Present Value Recommendation? Low Confidence Net Present Value Recommendation? High Confidence Net Present Value Recommendation? Part 2 - Calculate the Internal Rate of Return of the Capital Investment: Internal Rate of Return Recommendation? Low Confidence Internal Rate of Return Recommendation? High Confidence Internal Rate of Return Recommendation?Josephine Joline Jones, Chief Financial Office of Jo Jo's Circus has been investigating opportunities to expand her operations. She has two projects that she is considering: Project #1: Dancing Horses on Parade . Requires the purchase and training of thoroughbred Clydesdale horses, estimated to cost $1,931,400 upfront. . In addition, due to the seasonal and transitional nature of the circus industry, Jo Jo estimates that she will need to dedicate working capital of $38,000 at the beginning of the project. The $38,000 working capital will become available once the project's life is over. . Jo Jo expects the project to yield positive net annual cash flows over the project's expected 8-year life as follows: o End of 1st Year: $320,000 o End of 2nd Year: $384,000 End of 3rd Year: $480,000 o End of 4th Year: $565,000 o End of 5th Year: $685,000 End of 6th Year: $531,000 o End of 7th Year: $424,700 o End of 8th Year: $340,000 . Although Jo Jo full expects the project to be successful, she believes that the Net Annual Cash Flows may range between 80% and 120% of her estimates above. . Jo Jo expects to retire and sell the horses at the end of the 8 years for $112,500