Q1. A project costs y + 3 today and generates a yearly cash flow of x + 2 starting next year. This cash flow grows at a rate of 2% per year. Furthermore, the project in 4 year generates an extra one-off negative cash flow of 3. Given a discount rate of 5%. What is the NPV of this project? Q2. The IRR of the project in Q1 is? Assume x=y=5