How would you find the net present value of yearly payments that start in the future? For example if you want to find the NPV of three $40 million payments in the first years 1-3, and seven $70 million payments in years 4-10, how would you calculate the latter part?

As you do in this question:

A new project will require development costs of $60 million at time zero and $100 million at the end of 2 years from time zero with incomes of $40 million per year at the end of years 1, 2 and 3 and incomes of $70 million per year at the end of years 4 through 10 with zero salvage value predicted at the end of year 10. Calculate the rate of return for this project. Equipment is being leased from A new project will require development costs of $60 million at time zero and $100 million at the end of 2 years from time zero with incomes of $40 million per year at the end of years 1, 2 and 3 and incomes of $70 million per year at the end of years 4 through 10 with zero salvage value predicted at the end of year 10. Calculate the rate of return for this project. Equipment is being leased from