Question: A project has annual cashflows of $10,500 for the next three years and then $20,000 each year for the following 12 years. The IRR for this project is 11%. It's WACC is 9%. What is the project NPV? (The IRR enables you to calculate the initial investment, because it's the discount rate at which the NPV of a project is equal to 0. The project's inflows can be evaluated at the IRR and the present value of these inflows must equal to the initial investment.)