please help me with this problem

A company is planning to launch a new prod'uct, which should replace the old one. As per calculation its realization requires investment in amount of 700000 before the start and 1000000 at the end if the first year. It is expected that the new product will produce 250000 at the end of the second year, 300000 at the end of the third year, 350000 at the end of the 4th year and 400000 from the 5th till the 10th year. Will this investment be effective if the discount rate is 15%? What about 10% rate? Use all the investment project criteria.