Tesla is planning to produce an all-electric family car and expects the following cash flows (in $ million) at the end of each year:

Year	0	1	2	3	4	5
Cash flow	-110	10	20	40	80	90

The required return for this project is 14%.

FIND THE FOLLOWING PARTS:

PART 1: Create an Excel spreadsheet with the present value of each cash flow. What is the project's NPV (in $ million)?

PART 2: There's an easier way: What is the NPV using Excel's NPV() function? Note that Excel's NPV function discounts all the cash flows in the range, even the first one.