YEAR - 1 YEAR - 2 YEAR - 3

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
t 0 1 2 3 4 5 6 7 8 9 10
Period CF -1250 -1250 -1250 -2250 -1250 1750 1750 1750 1750 1750 1750
r 0.025
Period PV -1,250 -1,220 -1,190 -2,089 -1,132 1,547 1,509 1,472 1,436 1,401 1,367
Cumulative PV -1,250 -2,470 -3,659 -5,749 -6,881 -5,334 -3,825 -2,353 -917 484 1,852
PP
NPV $8,203
YEAR - 3 YEAR - 4
Q4 Q1 Q2 Q3 Q4
11 12 13 14 15
1750 1750 1750 1750 1750

1,334 1,301 1,269 1,239 1,208

3,185 4,487 5,756 6,995 8,203
NPV