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).

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Year

0=$240,000

Year

1=$48,000

Year

2=$74,000

Year

3=$114,000

Year

4=$135,000

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

(Round to the nearest dollar.)

What is the IRR of Project L-2?

(Round to two decimal places.)