1 2

-50000 15000 25000

k 20%
0.2

12500 17361.11111111

62895.447530864
12895

Year Inflows
0 
1 50,000
2 250,000
3 350,000
   

Year Inflows
1/(1+k)^t 0 
Discount Factor 1 75,000
Ft x 1/(1+k)^t 2 75,000
3 75,000
4 50,000
   

Year Inflows
0 
1 15,000
 2 25,000
3 50,000
4 50,000
5 150,000
   

400000

900000
1
400000
 3 4 5
30000 20000 15000

17361.11111111 9645.0617284 6028.16358024691

Outflows Net flow Discount Factor NPV

500,000 -500,000 1 -500,000
  50,000 0.81 40,500 0.81300813
  250,000 0.66 165,000 0.66098222
  350,000 0.54 189,000 0.537383918
      Total:
($105,500)
-105,500

Outflows Net flow Discount Factor NPV

250,000 -250,000 1 -250,000
  75,000 0.81 60,750
  75,000 0.66 49,500
  75,000 0.54 40,500
  50,000 0.44 22,000
      Total:
($77,250)

Outflows Net flow Discount Factor NPV

75,000 -75,000 1 -75,000
  15,000 0.81 12,150
  25,000 0.66 16,500
  50,000 0.54 27,000
  50,000 0.44 22,000
  150,000 0.36 54,000
      Total:
$56,650

12
1.33333333E-05
5.333333333333 months

0.444444444444

4+.44 4.44
40500