in fundamentals of project management, there is project 1 where i opted scenario of renovation of basement, given budget of $100,000 what would be my financial analysis and assumptions?

the green part is the discount rate, costs and benefits

how can i choose the discount rate and benefit

PMGT 701 Project Instructions Team Project This is a team assignment where you will have the opportunity to apply the course content in a practical way by planning a real project. Your team must choose between one of the following 3 types of projects: The opening of a new business (coffee shop, pet store, restaurant, etc.) A renovation or redesign of your place (house, condo, apt, room, basement, etc.) A fundraising event (hospital, animal shelter, etc.) No matter your choice, the duration of your project must be at least 3 months (from start to conclusion), and it must include a lesson learned session and a celebration event at the end of the project. The budget for your project is CAD 100,000.00 Project Part 1 (10%) Initiating 1. Business Case and Project Charter (50 point) - max 2 pages Based on your project choice, create a business case and a project charter for your project. Provide as many details as possible as these documents will serve as the basis for your project planning.

Created by:		Date:
Note: Change the inputs, shown in green below (i.e. interest rate, number of years, costs, and benefits). Be sure to double-check the formulas based on the inputs.
Discount rate	8.00%
Assume the project is completed in Year 0			Year
	0	1	2	3	Total
Costs	140,000	40,000	40,000	40,000
Discount factor	1.00	0.93	0.86	0.79
Discounted costs	140,000	37,200	34,400	31,600	243,200
Benefits	0	200,000	200,000	200,000
Discount factor	1.00	0.93	0.86	0.79
Discounted benefits	0	186,000	172,000	158,000	516,000
Discounted benefits - costs	(140,000)	148,800	137,600	126,400	272,800	NPV
Cumulative benefits - costs	(140,000)	8,800	146,400	272,800
ROI	112%
	Payback in Year 1
Assumptions
Enter assumptions here