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Belgravia Petroleum Inc. is trying to evaluate a generation project with the following cash flows: Year Cashflow 0 -$300,000,000 1 $63,000,000 2 $85,000,000 3 -$50,000,000

Belgravia Petroleum Inc. is trying to evaluate a generation project with the following cash flows:

Year Cashflow
0 -$300,000,000
1 $63,000,000
2 $85,000,000
3 -$50,000,000
4 $145,000,000
5 $175,000,000
6 -$50,000,000
7 $70,000,000
8 $72,000,000

Construct a spreadsheet and calculate the following (the required rate of return is 12%):

Payback period

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