Net cash flow Present value at 21% Net present value ($ thousands ) Period 0 1 2 -13,900 -1,614 3,077 -13,900 -1,334 2,102 2,156 (sum of PVs) 3 6,453 3,643 10,664 4,975 5 10,115 3,900 6 5,887 1,876 7 3,399 895 Restate the above net cash flows in real terms. Discount the restated cash flows at a real discount rate. Assume a 21% nominal rate and 9% expected inflation. NPV should be unchanged at +2,156, or $2,156,000. (Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole number.) Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Real Net Cash Flows NPV