Discount rate 10%

Initial Investment 1 2 NPV

Project 1 50 100 25 62
Project 2 50 30 100 60

Discount rate 5%
Initial Investment 1 2 NPV
Project 1 50 100 25 68
Project 2 50 30 100 69

Discount rate 10%

Initial Investment 1 2 3 NPV
Project 1 50 100 25 30 84
Project 2 50 30 100 110 143

Discount rate 5%
Initial Investment 1 2 3 NPV
Project 1 50 100 25 30 94
Project 2 50 30 100 110 164