If the cost of capital for the project shown below is 3.5 percentage points less than the project's IRR (for example, if the project's IRR is 12%, the cost of capital is 8.5% ), what is the NPV of the project?
Year Cash Flow
0 $210,000
1 $40,000
2 $50,000
3 $60,000
4 $60,000
5 $70,000
6 $70,000
