USD

Time CFs Acc. CFs DCFs Acc. DCFs NPV

0 -23500 0.14 -- -23500 -- PI
1 12000 0.14 12000 10526.32 10526.32 PBP
2 5500 0.14 17500 4232.07 14758.39 DPBP
3 15500 0.14 33000 10462.06 25220.45
4 4200 0.14 37200 2486.74 27707.18
5 3400 0.14 40600 1765.85 29473.04

(USD)
Time CFs r=11% Acc. CFs DCFs Acc. DCFs NPV
0 -75000 0.11 -- -75000 -- PI
1 12000 0.11 12000 10810.81 10810.811 PBP
2 11000 0.11 23000 8927.847 19738.658 DPBP
3 5500 0.11 28500 4021.553 23760.21
4 6500 0.11 35000 4281.751 28041.962
5 7800 0.11 42800 4628.92 32670.882

(USD)
Time CFs r=13% Acc. CFs DCFs Acc. DCFs
0 -157900 0.13 -- -157900 -- NPV
1 23450 0.13 23450 20752.21 20752.21 PI
2 35670 0.13 59120 27934.84 48687.05 PBP
3 45640 0.13 104760 31630.81 80317.86 DPBP
4 76320 0.13 181080 46808.49 127126.35
5 86540 0.13 267620 46970.44 174096.79
6 24500 0.13 292120 11767.8 185864.60
7 75250 0.13 367370 31985.81 217850.41
8 63400 0.13 430770 23848.54 241698.95
9 12800 0.13 443570 4260.926 245959.87
10 23000 0.13 466570 6775.532 252735.40
Calculation Clarification and analysis
USD 5973.03632096974 Positive
1.25 >1
2.39 yrs Within investment horizon
2.84 yrs Within investment horizon

-42329.12 Negative; rejected

0.44 <1; rejected
Can not be determined Beyond investment horizon; rejected
Can not be determined Beyond investment horizon; rejected

Calculation Clarification and analysis

$ 94,835.40 Positive; Accept
1.60 >1; Accept
3.70 yrs Within investment horizon; Accept
4.66 yrs Within investment horizon; Accept