1. At what Exit price would the two alternatives be identical in their worths

Assume the NPV for the two proposals are as follows:

Current proposal: $3,156,198

Sum of PV = $2,878,229.99

Alternative proposal: $2,478,880

Sum of PV = $2,073,729.61

The discount rate is 9% and the project Years are 0 - 10.

Additional statistics
Discount Rate (reflecting the riskiness in the A/C industry)		9%
New Zealand 10 Year Government Bond		4.38%
Variance of share returns (on renovation industry in NZ)		36%
Decay rate* (assumed as equal in each year throughout the life of the project)		2.71828
After 5 years of the project, Dusty-rid can sell part of the project at a fixed price		3,000,000