NPV profile of a project. Given the following cash flow of Project L-2, draw the NPV profile. Hint: Be sure to use a discount rate of zero for one intercept (y-axis)

and solve for the IRR for the other intercept (x-axis).

Year 0 = -$280,000

Year 1 = $50,000

Year 2 = $71,000

Year 3 = $115,000

Year 4 = $115,000

Year 5 = $135,000

1. What is the NPV of Project L-2 where zero is the discount rate?