Initial Investment 800,000

Discount Rate 11.50%

Year 1 2 3 4 5
Revenue 550,000 660,000 792,000 950,000 1,140,480
Costs 412,500 495,000 594,000 712,000 855,360
Net CF 137,500 165,000 198,000 238,000 285,120
Discount factor 0.90 0.80 0.72 0.65 0.58
PV 123,318 132,719 142,837 153,985 165,445

NPV -81,696