Thus, there are now two future cash flows$--$a cash flow of C$1=$ $$32,500$ at the end of one year and a further cash flow of C$2=($$$32,500+$ $$860,000)=$ $$892,500$ at the end of the second year.

Calculate the NPV of the office building venture at interest rates of $6,11,$ and $16\%.$

At what discount rate $($approximately$)$ would the project have zero NPV$?$