An environmental project requires investments of $100,000 in year 1 , year 2 , and year 3 and yields benefits of $20,000 in year 1;$45,000 in year 2 and $150,000 in year 3 . What is the net present value of the project at a discount rate of 4% (rounded to the nearest dollar)? A state is considering two different environmental projects that offer the net benefit streams displayed in the table below: Which project offers the greatest present value at a discount rate of 10% ?.