A project is offered which requires an outlay of £10,000. Returns at the end of years 1, 2 and 3 are expected to be £4000, £4000 and £2000 respectively. Compute the net present value of the project if...

A project is offered which requires an outlay of £10,000.  Returns at the end of years 1, 2 and 3 are expected to be £4000, £4000 and £2000 respectively.  Compute the net present value of the project if interest is estimated to be 10% per annum compounded annually.