A project is expected to have an initial investment of ksh 300 million at which level it promises an NPV of ksh 13 million. This project is subject to uncertainty and the initial investment could be reviewed upwards to ksh 360 million which will generate a negative NPV of ksh (11) million A project is expected to have an initial investment of ksh 300 million at which level it promises an NPV of ksh 13 million. This project is subject to uncertainty and the initial investment could be reviewed upwards to ksh 360 million which will generate a negative NPV of ksh (11) million