Luft Watch Company is considering an investment of $48,000, which produces the following inflows: Year 1 2 3 Cash Flow $21,000 20,000 17,000 You are going to use the NPV profile to approximate the value for the IRR. Please follow these steps: a. Determine the NPV of the project based on a zero discount rate NPV $10,000 b. Determine the NPV of the project based on a 9 percent discount rate. NPV $ 1,125.48 c. Determine the NPV of the project based on a 12 percent discount rate (it will be negative). (Negotive answer should be indicated by a minus sign. Omit S sign in your response.) NPV $ 1,076.66 d. Draw a NPV profile for the investment. Observe the discount rate at which the NPV is zero. This is an approximation of the IRR on the project Your Graph Score: 0% 14 the project Your Graph Score: 0% Dints Net present value profile Net present value 10000 9500 9000 8500 2000- 7000 6500 100 6000 5600 5000 4500- D 3500- 3000 2500- 2000 1500 1000 500 500 -1000 10 15 M Discount rate(%) GE