Looking to verify if I calculated the NPV correctly. The Project Price for each project were 80,000, 175,000, and 22,700. I changed those to negative numbers before using the following excel formula:=NPV(rate, value1, value2,etc...)

Project 1 Project 2 Project 3 Project Price ($80,000) ($175,000) ($22,700) Required Rate of Return 6% 8% 12% Time Period 5 2 Year 1 Cash Flows $48,000 85,000 $15,000 Year 2 Cash Flows $36,000 74,000 $12,000 Year 3 Cash Flows $22,000 38,000 Year 4 Cash Flows 26,800 Year 5 Cash Flows 19,000 NPV $14,900.49 $27,724.34 $231.41