1 Net cash flow Present value at 20% Net present value ($ thousands) Period 1 2 -15, 160 -2,116 2,800 -15, 160 -1,763 1,944 3,806 (sum of PVS) 3 7,712 4,463 4 13,984 6,310 5 11,784 4,736 6,832 2,288 7 3,542 989 2 points Restate the above net cash flows in real terms. Discount the restated cash flows at a real discount rate. Assume a 20% nominal rate and 10% expected inflation. NPV should be unchanged at +3,806, or $3,806,000. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole number.) X 00:50:53 Skipped Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Real Net Cash Flows NPV eBook References MA