Net Present Value Example Table 3.8 Discounted Cash Flows and NPV (1) Year Inflows Outflows Net Flow 0 $100,000 $(100,000) 1 20,000 2 50,000 3 50,000 4 25,000 Total $20,000 50,000 50,000 25,000 Discount Factor 1.0000 0.8772 0.7695 0.6749 0.5921 NPV $(100,000) 17,544 38,475 33,745 14,803 $4,567 The NPV column total is positive, so invest