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Exercise 3 (4 points) A five-year investment project is expected to have the following cash flow in NOK million: -10, 2, 1, 4, 5, 3

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Exercise 3 (4 points) A five-year investment project is expected to have the following cash flow in NOK million: -10, 2, 1, 4, 5, 3. The project has a required return of 8% per year. (a) What will be the present value of the project? (b) What must be the required rate of return for the net present value of the project to be zero?