=+P5–1 Using a timeline Barnaby PLC is considering starting a new branch of their business in Northern Ireland that requires an initial outlay of £280,000 and is expected to produce cash inflows of £80,000 at the end of years 1, 2, and 3;

£70,000 at the end of years 4 and 5; and £90,000 at the end of year 6.