Apollo Vapor Manifolds has five independent projects under consideration,

one project for each of their major service lines -- Alpha, Theta, Omicron,

Chi, and Omega. Alpha, Theta, Omicron, and Chi in a single business

unit for commercial solutions; while Omega is run out of a separate

organization focused on consumers as customers. The required rate of

return for all

commercial solutions

projects is 12%, while the required

rate of return for consumer product solutions is higher at 15%

(management believes that consumer solutions carry a higher risk). The

total projects budget for Apollo Vapor Manifolds is

$4.9 million

. A table

showing the investments for the projects being considered in each service

line and projected free cash flows follows:

All projects are expected to generate free cash flows for 6 years before

being retired or scrapped (with no residual value).

No additional cash flows are expected from any of the five projects after

year 6. Year 6 cash flow includes selling any assets remaining from the

project and discontinuing the service

All columns for this questions

Project/Year	Alpha	Theta	Omicron	Chi	Omega
0	$ (1,850,000.00)	$ (1,750,000.00)	$ (1,100,000.00)	$ (650,000.00)	$ (2,375,000.00)
1	$ 600,000.00	$ 350,000.00	$ 600,000.00	$ 250,000.00	$ 500,000.00
2	$ 600,000.00	$ 400,000.00	$ 300,000.00	$ 250,000.00	$ 800,000.00
3	$ 600,000.00	$ 600,000.00	$ 325,000.00	$ 200,000.00	$ 800,000.00
4	$ 400,000.00	$ 600,000.00	$ 200,000.00	$ 180,000.00	$ 800,000.00
5	$ 300,000.00	$ 400,000.00	$ 110,000.00	$ 100,000.00	$ 550,000.00
6	$ 200,000.00	$ 150,000.00	$ 80,000.00	$ 50,000.00	$ 500,000.00

Specific column related to this question

Project/Year	Alpha				Omega	Combined
0	$ (1,850,000.00)				$ (2,375,000.00)	$(4,225,000.00)
1	$ 600,000.00				$ 500,000.00	$ 1,100,000.00
2	$ 600,000.00				$ 800,000.00	$ 1,400,000.00
3	$ 600,000.00				$ 800,000.00	$ 1,400,000.00
4	$ 400,000.00				$ 800,000.00	$ 1,200,000.00
5	$ 300,000.00				$ 550,000.00	$ 850,000.00
6	$ 200,000.00				$ 500,000.00	$ 700,000.00
IRR	14.62%				17.15%	16.15%
NPV						$469,282.94

Question:

Concluding with Apollo Vapor Manifolds. In addition to providing the CEO

with the combined IRR of the Alpha and the Omega projects you also

calculated and reported the combined NPV of _________.