EOY	Cash Inflows	Cash outflows
0	0	2,000,000
1	800,000	350,000
2	816,000	352,500
3	832,320	355,000
4	848,966	357,500
5	865,946	-1,140,000

MARR = 10%

Useful Life = 5 years

Initial Cost = 2,000,000 (Included in Excel)

End of Life Salvage Value = 1,500,000 (Included in Excel)

1. Calculate the Net Future Worth NFW(At EOY5):

2. Calculate the Net Present Worth NPW (At EOY0):

3. Calculate the Annual Equivalent Worth (AEW):

4. Based on the simple payback method, the recovery period (in years) of this project is:

5. Based on the simple payback method, "project balance" after five years is:

6. Based on the discounted payback method, this project's recovery period (in years) is:

7. Based on the discounted payback method, this project's project balance at EOY3 is:

6. What is the benefit/cost (B/C) is: