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Period ending (Notice the dates are not consistent!) 1/1/2014 9/1/2014 6/3/2015 12/31/2015 8/31/2017 11/30/2018 Free Cash Flow 0 1,000.0 1,000.0 1,500.0 1,250.0 1,500.0 Discount rate

Period ending (Notice the dates are not consistent!)
1/1/2014 9/1/2014 6/3/2015 12/31/2015 8/31/2017 11/30/2018
Free Cash Flow 0 1,000.0 1,000.0 1,500.0 1,250.0 1,500.0
Discount rate 10.00%

**WHAT IS THE NPV ASSUMING CASH FLOWS ALL COME AT THE END OF EACH PERIOD??**

**WHAT IS THE NPV ASSUMING CASH FLOWS ALL COME AT THE BEGINNING OF EACH PERIOD?**

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