have completed the calculations of strategy study. i calculated that if i have 1 factory in belgium our annual cost would be $1,2 million per annum. This is saving of $1.8000,000 millions ($900k when we start the project , $900k after 12 months. annual savings will star coming in only after 2nd year ie 24th month after. If i go for 2 factories option (Belgium and taly) than the annual savings go down to $300k per annum for 1 year on but i only have to invest $400k in the beginning. The finance director asked me to : show the inflows and outflows on a chart and calculate the payback and NPV for both options. She said I should only consider the first 5 years for the NPV calculations (discount rate is 20%)