Cooper Electronics uses NPV profiles to visually evaluate competing projects. Key data for the two projects under consideration are given in the following? table:
Terra Firma
Initial investment $25,000 $21,000
Year Operating cash inflows
1 $6,000 $10,000
2 $6,000 $6,000
3 $10,000 $7,000
4 $11,000 $8,000
Using these? data, graph, on the same set of? axes, the NPV profiles for each project using discount rates of 0?%,8?% and the IRR.