Analyze the following investment opportunity:

• Initial investment: $200,000
• Discount rate: 13%
• Projected cash flows:
  • Year 1: $40,000
  • Year 2: $50,000
  • Year 3: $60,000
  • Year 4: $70,000
  • Year 5: $80,000

Fill in the chart below to calculate the present values and determine the NPV and IRR.

Year	Amount	Present Value
1	$40,000
2	$50,000
3	$60,000
4	$70,000
5	$80,000
Initial Investment	$200,000
NPV
IRR (est)