Pease help solve this economics question. Thank you

An investor is considering investing in a capital project. The pmject requires an outlay of f500,000 at outset and further payments at the end of each of the first 5 years, the first payment being $100,000 and each successive rayment increasing by E10.000. The project is expected to provide a continuous income at a rate of (80,000 in the first year, 83,200 in the second year and so on, with income increasing each year by 4% per annum compound. The income is received for 25 years. It is assumed that, at the end of 15 years, a further investment of (300,000 will be required and that the project can be sold to another investor for 1700.000 at the end of 25 years. (1) Calculate the net present value of the project at a rate of interest of 11% per annum effective. [9] (ii) Without doing any further calculations, explain how the ner present value would alter if the interest rate had been greater than 116 per annum effective. (3] [Total 12] The force of interest, 6 (r ), is a function of time and at any time z, measured in years, is given by the formula: 0.06 6 (1)-10.10 0.01 4