The net cash flow of a project in the first, second and the third year is respectively Rs 30,000, Rs 32,000 and Rs 35,000. The cash flow is subject to an inflation rate of 3% and the discount factor...

The net cash flow of a project in the first, second and the third year is respectively Rs 30,000, Rs 32,000 and Rs 35,000. The cash flow is subject to an inflation rate of 3% and the discount factor of 10% is subject to a 5% inflation rate. Calculate NPV with and without inflation-adjustment, with a given initial investment for Rs 50,000.