The blue curve (labeled "L") depicts the NPV for a project with larger cash flows later of -$1,000, $100, $300, $400, and $675. The red curve (labeled "S") depicts the NPV for a project with larger cash flows sooner of -$1,000, $500, $400, $300, and $100. Drag on the graph either left or right to change the cost of capital interest rate at which the NPV is evaluated for the two projects. $400 $100 --$1 ,000+ (1+0.000) N CF, Project S: NPV =CF0 + =1 + (140 (1+ry Project L: NPV-CFO + N CF 1 (1+r)'- $100 (1+0.1000)! $400 (1+0.1000) $675 (1+0.1000)4 ' (1+0.1000)2