Can you please explain where the 9500 came from.

thank you

Project 3: Net Cash Flow Year o Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 $(30,000) $11,000 $11,000 $11,000 $13,250 $13,250 $13,250 1. Using a discount rate of 10%, compute the Net Present Value (NPV) for each project. Clear All Enter 30000 and change the sign (+/-) and press CFj Enter 9500 and press CFj again Enter 3 and press FREQ Enter 13250 and press CFj Enter 3 and press FREQ Enter 10 and press I/YR Press the shift key and press NPV The answer will come back as NPV = 18,381.51