Question 2 A project requires an investment of $1,000,000 at time t = 0 and $3,000,000 at time t = 3. Returns from the project are $800,000 per annum, paid continuously from time t = 6 to time t = 20. (0) Calculate the net present value of the project, assuming a rate of interest of 8% per annum effective. (ii) Calculate the internal rate of return for the project