Management may want to assess the sensitivity of a project’s NPV to the required rate of return. An NPV profile shows this relationship in a graph of project NPVs for different values of the discount rate. The calculations and graphing of an NPV profile can be handled easily by a spreadsheet program. If the resulting NPV profile shows a steeply sloped curve, then the NPV of the project under consideration is sensitive to the discount rate assumption. In such a case, management should carefully assess the project’s required return. If the NPV profile is sloped gradually, then the project’s impact on shareholder wealth is not very sensitive to changes in the discount rate.