0	1	2	3	4	5	6	7	8
(58,000)	21,000	18,000	15,000	13,000	6,000	4,000	-	15,000
Given the cash flows above, assume all cash flows occur at the end of the time period.
What is the payback?
Now assume all cash flows occur evenly through the time period. Also, assume your required
rate of return is 10%. What is the payback?
Given a 10% required rate of return, what is the NPV?
What is the IRR for the above cash flows?
Assume year 8's cash flow is the sale of the asset at the end of its useful life (or salvage value).
What is the Present Value of that cash flow (single cash flow) today if your rate is 10%?