You have a project that you invest $10,000, and after the first year you receive $2,500.

For the next nine years you increase the annual return on your investment by 12%.

Calculate your estimated annual investment return for all ten years and evaluate the

NPV for different discount rates. Provide in your excel file the present values of the

annual returns using variety of discount rates. What is happening when your discount

rate is the same, smaller or greater than the annual growth of your investment?