If the cost of capital for the project shown below is 3.5 percentage points less than the projects IRR (for example, if the projects IRR is 12%, the cost of capital is 8.5%), what is the NPV of the project? Year Cash Flow 0 ($210,000) 1 $40,000 2 $50,000 3 $60,000 4 $60,000 5 $70,000 6 $70,000

Show all work. Thank you!