Evaluate the following investment:

• Initial cost: $175,000
• Discount rate: 15%
• Cash inflows:
  • Year 1: $30,000
  • Year 2: $35,000
  • Year 3: $40,000
  • Year 4: $45,000
  • Year 5: $50,000
  • Year 6: $60,000

Fill in the chart for present values and calculate the NPV and IRR.

Year	Amount	Present Value
1	$30,000
2	$35,000
3	$40,000
4	$45,000
5	$50,000
6	$60,000
Initial Investment	$175,000
NPV
IRR (est)